Company: SDSYA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001163609-25-000017
Chunk: 17

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 17
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2025December 31,2024Forward contracts in gain position$4,660,461 $4,839,408 Futures and options in gain position3,266,260 4,415,641 Futures and options in loss position(4,310,902)(3,614,540)Total forward, futures and options contracts3,615,819 5,640,509 Margin deposit3,497,510 3,960,252 Current assets$7,113,329 $9,600,761 Forward contracts in loss position$3,265,099 $3,483,207 Interest rate swap25,178 17,465 Current liabilities $3,290,277 $3,500,672 

14

South Dakota Soybean Processors, LLCNotes to Condensed Consolidated Financial Statements

During the three-month periods ended March 31, 2025 and 2024, net realized and unrealized gains (losses) on derivative transactions were recognized in the condensed consolidated statements of operations as follows: 20252024Derivatives not designated as hedging instruments:  Commodity contracts$168,740 $1,414,819 Foreign exchange contracts(27,467)45,866 Interest rate swaps, caps and floors(7,713)35,747 Totals$133,560 $1,496,432 

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