South Dakota Soybean Processors, LLC reported a net income of $17.7 million for the fiscal year ending December 31, 2025, a decrease from $20.3 million in 2024. The company's revenue fell by 9.1% to $503.8 million, down from $554.4 million the previous year. This decline was primarily attributed to lower average sales prices for soybean products, despite a 22.7% increase in the quantity of soybeans processed. The average price of soybean meal decreased by 16.6%, while soybean oil prices dropped by 7.0%, reflecting a decrease in demand, particularly from the energy sector.
In 2025, South Dakota Soybean Processors completed the construction of a new processing facility in Mitchell, South Dakota, which commenced operations in October 2025. This facility is expected to nearly double the company's total production capacity, processing up to 35 million bushels of soybeans annually. The company invested approximately $86.4 million in this project, which is anticipated to enhance operational efficiency and product quality. The Mitchell facility's initial production was limited during its commissioning phase, but volumes are expected to ramp up steadily.
Operationally, the company processed 40.8 million bushels of soybeans in 2025, compared to 33.3 million bushels in 2024. The increase in processing volume was a key factor in maintaining processing margins, which benefited from a large U.S. soybean crop characterized by low moisture and favorable protein and oil content. However, the company faced challenges with soybean oil demand, particularly in the fourth quarter, due to uncertainties surrounding the Environmental Protection Agency's renewable fuel program guidance.
Looking ahead, South Dakota Soybean Processors anticipates improved processing margins in 2026, contingent on an expected announcement from the EPA regarding renewable volume obligations. If these obligations meet or exceed market expectations, demand for soybean oil could strengthen significantly. However, the company also acknowledges ongoing challenges, including evolving U.S. trade policies and increased competition from expanding soybean production and processing capacity in South America. The company remains focused on operational efficiency and adapting to changes in biofuel policy to support long-term performance.
About SOUTH DAKOTA SOYBEAN PROCESSORS LLC
South Dakota Soybean Processors, LLC operates soybean processing plants and a refinery in South Dakota, producing soybean meal and oil for livestock feed, food, biodiesel, and chemical industries. It focuses on high-quality, efficient operations, value-added products, and vertical integration. Serving domestic and export markets, the company emphasizes sustainable growth, capital investments, and competitive positioning within the mature U.S. soybean industry.
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