Company: SDSYA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001163609-25-000023
Chunk: 18

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 18
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 position$6,891,135 $3,483,207 Interest rate swap29,582 17,465 Current liabilities $6,920,717 $3,500,672 During the three and six-month periods ended June 30, 2025 and 2024, net realized and unrealized gains (losses) on derivative transactions were recognized in the condensed consolidated statements of operations as follows: Net Gain (Loss) Recognized on Derivative Activities for theNet Gain (Loss) Recognized on Derivative Activities for the Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Derivatives not designated as hedging instruments:  Commodity contracts$(2,651,990)$(2,512,325)$(2,483,250)$(1,097,506)Foreign exchange contracts38,719 14,435 11,252 60,301 Interest rate swaps, caps and floors(4,404)5,836 (12,117)41,583 Totals$(2,617,675)$(2,492,054)$(2,484,115)$(995,622)

Note 9 -       Fair Value

ASC 820, Fair Value Measurements and Disclosures, defines fair value, establishes a comprehensive framework for measuring fair value and expands disclosures that are required about fair value measurements. Specifically, this guidance establishes a hierarchy prioritizing the 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 un