Company: SDSYA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001163609-25-000023
Chunk: 17

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 17
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 325,173 39,324,192 Less amount of lease payments representing interest(7,560,839)(50,359)(7,611,198)Total present value of lease payments$31,438,180 $274,814 $31,712,994 

Note 7 -        Member Distribution

On February 4, 2025, the Company’s Board of Managers declared and approved a cash distribution of approximately $7.6 million, or $0.25 per capital unit. The distribution was paid in accordance with the Company’s operating agreement and distribution policy on February 6, 2025.

Note 8 -         Derivative Instruments and Hedging Activities

In the ordinary course of business, the Company enters into contractual arrangements as a means of managing exposure to changes in commodity prices and, occasionally, foreign exchange and interest rates. The Company’s derivative instruments primarily consist of commodity futures, options and forward contracts, and interest rate swaps, caps and floors. Although these contracts may be effective economic hedges of specified risks, they are not designated as, nor accounted for, as hedging instruments. Futures and options contracts, along with margin deposit, are with a single counterparty and are subject to a right of offset. As a result, these items are netted on the balance sheet, regardless of their position. In contrast, forward contracts are with multiple counterparties and do not have a right of offset. Therefore, these contracts are reported at their gross amounts on the balance sheet. These contracts are recorded on the Company’s consolidated balance sheets at fair value as discussed in Note 9, Fair Value.Derivatives not designated as hedging instruments as of June 30, 2025 and December 31, 2024 were as follows:

14

South Dakota Soybean Processors, LLCNotes to Condensed Consolidated Financial Statements

 Balance Sheet ClassificationJune 30,2025December 31,2024Forward contracts in gain position$6,896,337 $4,839,408 Futures and options in gain position7,036,568 4,415,641 Futures and options in loss position(12,067,486)(3,614,540)Total forward, futures and options contracts1,865,419 5,640,509 Margin deposit8,931,636 3,960,252 Current assets$10,797,055 $9,600,761 Forward contracts in loss