South Dakota Soybean Processors LLC
Market Movers (8-K)
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South Dakota Soybean Processors, LLC has amended its revolving credit facility with CoBank, ACB, increasing the available principal from $20 million to $30 million.
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South Dakota Soybean Processors reports 2025 financial results aligned with expectations, while anticipating increased uncertainty for 2026 despite strong underlying demand.
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South Dakota Soybean Processors, LLC has amended its CEO Thomas J. Kersting's employment agreement, increasing his base salary to $440,000 annually for 2026 and 2027.
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South Dakota Soybean Processors, LLC's Board of Managers approved a cash distribution of $0.28 per capital unit, totaling approximately $8.5 million.
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South Dakota Soybean Processors, LLC has amended its credit agreement with CoBank, ACB, reducing its seasonal loan capacity and working capital requirement while extending the maturity date.
Worse than expected
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South Dakota Soybean Processors, LLC held its 2025 Annual Meeting of Members, electing three board members and approving executive compensation on an advisory basis.
Quarterly Earnings (10-Q)
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South Dakota Soybean Processors LLC reported a net loss of $4.3 million for the first quarter of 2026, primarily due to regulatory delays in the renewable fuels market and non-cash accounting adjustments.
Delay expected
Worse than expected
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South Dakota Soybean Processors LLC reported a significant increase in net income for Q3 2025, driven by derivative gains and operational efficiencies, despite declining revenues and processing margins.
Capital raise
Better than expected
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South Dakota Soybean Processors reported a net loss in Q2 2025 due to declining product prices, though its new High Plains Processing plant remains on schedule for a Fall 2025 launch.
Capital raise
Worse than expected
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10-Q: South Dakota Soybean Processors Reports Lower Q1 2025 Net Income Due to Softening Soybean Oil Demand
South Dakota Soybean Processors experienced a decrease in net income for the first quarter of 2025, primarily due to reduced demand for soybean oil and declining soybean meal prices.
Worse than expected
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South Dakota Soybean Processors experienced a significant decrease in net income for the nine months ended September 30, 2024, primarily due to reduced demand for soybean oil and a plant upgrade.
Worse than expected
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South Dakota Soybean Processors experienced a significant decrease in net income for the first half of 2024 due to reduced soybean oil demand and increased global soybean meal supply.
Worse than expected
Capital raise
Annual Reports (10-K)
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South Dakota Soybean Processors experienced a decrease in net income for 2024 due to market challenges, but anticipates a more positive outlook for 2025 with the progress of its new oilseed project.
Worse than expected
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South Dakota Soybean Processors achieved a record profit of $70.5 million in 2023 and is expanding operations with a new processing facility.
Capital raise
Better than expected
Insider Trading (Form 4)
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Form 4: Director Ned Skinner Reports Changes in Beneficial Ownership of South Dakota Soybean Processors LLC
Ned Skinner, a director of South Dakota Soybean Processors LLC, reported the disposition of Class A Capital Units held directly and indirectly through an IRA and Skinner Agri-Products, Inc.
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Form 4: Director Ned Skinner Reports Changes in Beneficial Ownership of South Dakota Soybean Processors LLC
Ned Skinner, a director of South Dakota Soybean Processors LLC, reported the disposition of Class A Capital Units on April 1, 2024.
Proxy Statements (Def-14A)
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South Dakota Soybean Processors, LLC announces its 2026 Annual Meeting of Members on June 16, 2026, to elect board members and review financial reports.
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South Dakota Soybean Processors will hold its annual meeting on June 17, 2025, to discuss company performance, elect board members, and conduct an advisory vote on executive compensation.
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DEF 14A: South Dakota Soybean Processors Announces Annual Meeting of Members and Board of Manager Elections
South Dakota Soybean Processors will hold its annual meeting on June 18, 2024, to review the company's performance, elect board members, and conduct other business.