Tools commonly used in the Grain Brokers (Wholesale) industry for day-to-day tasks and operations.

• Grain trading software
• Market analysis tools
• Weather forecasting tools
• Transportation logistics software
• Grain quality testing equipment
• Grain moisture meters
• Grain samplers
• Grain probes
• Grain baggers
• Grain elevators

Common products and services typical of NAICS Code 425120-61, illustrating the main business activities and contributions to the market.

• Wheat trading
• Corn trading
• Barley trading
• Oats trading
• Grain transportation
• Grain storage
• Grain processing
• Livestock feed production
• Food manufacturing
• Exporting

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Grain Trade Operating Rules (GTOR): The Grain Trade Operating Rules (GTOR) is a set of rules and procedures that govern the trading of grain in the United States. The GTOR is administered by the National Grain and Feed Association (NGFA) and is designed to ensure fair and equitable trading practices in the grain industry. The GTOR covers a wide range of topics, including contract terms, delivery procedures, and dispute resolution.
• Commodity Futures Trading Commission (CFTC) Registration: Grain brokers who trade futures contracts are required to register with the Commodity Futures Trading Commission (CFTC). The CFTC is a federal agency that regulates the futures and options markets in the United States. Registration with the CFTC requires passing an exam and meeting certain financial requirements.
• Grain Grading and Inspection: Grain brokers who handle grain that is sold for human consumption must comply with the Grain Standards Act, which requires that all grain be inspected and graded by the Federal Grain Inspection Service (FGIS). The FGIS is a division of the United States Department of Agriculture (USDA) and is responsible for ensuring that all grain sold in the United States meets certain quality standards.
• Hazard Analysis and Critical Control Points (HACCP): Grain brokers who handle grain that is sold for human consumption must also comply with the Hazard Analysis and Critical Control Points (HACCP) regulations. HACCP is a food safety management system that is designed to prevent the contamination of food products. The HACCP regulations are administered by the Food and Drug Administration (FDA) and require that all food processors, including grain brokers, have a written HACCP plan in place.
• Transportation Worker Identification Credential (TWIC): Grain brokers who operate in ports or other maritime facilities may be required to obtain a Transportation Worker Identification Credential (TWIC). The TWIC is a security clearance that is issued by the Transportation Security Administration (TSA) and is required for all workers who need access to secure areas of ports and other maritime facilities.

A concise historical narrative of NAICS Code 425120-61 covering global milestones and recent developments within the United States.

• The Grain Brokers (Wholesale) industry has a long history dating back to the early days of agriculture. In ancient times, grain brokers were responsible for buying and selling grain in local markets. As trade routes expanded, grain brokers became more important, and their role evolved to include transportation and storage of grain. In the United States, the industry began to take shape in the late 19th century, with the establishment of grain exchanges in Chicago and other major cities. These exchanges provided a centralized location for grain brokers to buy and sell grain, and helped to standardize pricing and quality. In recent years, the industry has been impacted by technological advancements, such as the use of electronic trading platforms and the development of new grain storage and transportation methods.

The anticipated future trajectory of the NAICS 425120-61 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The Grain Brokers (Wholesale) industry in the USA is expected to experience steady growth in the coming years. The industry is expected to benefit from the increasing demand for grains and other agricultural products, both domestically and internationally. The industry is also expected to benefit from the growing trend towards organic and non-GMO products, which is driving demand for specialty grains. However, the industry may face challenges from increasing competition and changing consumer preferences. Overall, the industry is expected to remain an important part of the agricultural supply chain in the USA.

Recent groundbreaking advancements and milestones in the Grain Brokers (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• The use of blockchain technology to improve supply chain transparency and traceability.
• The development of new grain varieties that are more resistant to pests and diseases.
• The use of precision agriculture techniques to improve crop yields and reduce waste.
• The adoption of new packaging materials that are more sustainable and environmentally friendly.
• The development of new software tools to help grain brokers manage their inventory and logistics more efficiently.