Company: SDSYA
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001163609-25-000032
Chunk: 18

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 18
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 Fair Value.Derivatives not designated as hedging instruments as of September 30, 2025 and December 31, 2024 were as follows: Balance Sheet ClassificationSeptember 30,2025December 31,2024Forward contracts in gain position$6,155,419 $4,839,408 Futures and options in gain position10,806,290 4,415,641 Futures and options in loss position(6,116,061)(3,614,540)Total forward, futures and options contracts10,845,648 5,640,509 Margin deposit(262,349)3,960,252 Current assets$10,583,299 $9,600,761 

14

South Dakota Soybean Processors, LLCNotes to Condensed Consolidated Financial Statements

 Balance Sheet ClassificationSeptember 30,2025December 31,2024Forward contracts in loss position$2,622,429 $3,483,207 Interest rate swap16,642 17,465 Current liabilities $2,639,071 $3,500,672 During the three and nine-month periods ended September 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 September 30,Nine Months Ended September 30, 2025202420252024Derivatives not designated as hedging instruments:  Commodity contracts$8,236,829 $(3,768,736)$5,753,579 $(4,866,242)Foreign exchange contracts5,788 9,759 17,040 70,060 Interest rate swaps, caps and floors12,940 (16,502)823 25,081 Totals$8,255,557 $(3,775,479)$5,771,442 $(4,771,101)

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