Company: SDSYA
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001163609-25-000032
Chunk: 19

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 19
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 inputs to valuation techniques, giving the highest priority to quoted prices in active markets for identical assets and liabilities and the lowest priority to unobservable value inputs. The three levels of hierarchy and examples are as follows:•Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reported date. The types of assets and liabilities included in Level 1 are highly liquid and actively traded instruments with quoted prices, such as equities listed on the New York Stock Exchange and commodity derivative contracts listed on the Chicago Board of Trade (“CBOT”).•Level 2 – Pricing inputs are other than quoted prices in active markets but are either directly or indirectly observable as of the reported date. The types of assets and liabilities in Level 2 are typically either comparable to actively traded securities or contracts or priced with models using highly observable inputs, such as commodity prices using forward future prices.•Level 3 – Significant inputs to pricing that are unobservable as of the reporting date. The types of assets and liabilities included in Level 3 are those with inputs requiring significant management judgment or estimation, such as complex and subjective models and forecasts used to determine the fair value of financial transmission rights.The following tables set forth financial assets and liabilities measured at fair value in the condensed balance sheets and the respective levels to which fair value measurements are classified within the fair value hierarchy as of September 30, 2025 and December 31, 2024:

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South Dakota Soybean Processors, LLCNotes to Condensed Consolidated Financial Statements

 Fair Value as of September 30, 2025 Level 1Level 2Level 3TotalFinancial assets:    Inventory$— $81,206,689 $— $81,206,689 Commodity derivative instruments$4,690,229 $3,516,348 $— $8,206,577 Provisionally priced contracts$— $19,241,845 $— $19,241,845  Fair Value as of December 31, 2024 Level 1Level 2Level 3TotalFinancial assets:    Inventory$— $44,241,428 $— $44,241,428 Commodity derivative instruments$801,101 $1,338,736 $— $2,139,837 Provisionally priced contracts$— $13,593,068 $