NAICS Code 425120-61 - Grain Brokers (Wholesale)

Marketing Level - NAICS 8-Digit

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Phone Numbers: 39
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NAICS CODE 425120-61
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NAICS Code 425120-61 Description (8-Digit)

Grain Brokers (Wholesale) are professionals who act as intermediaries between grain producers and buyers. They facilitate the buying and selling of grain commodities such as wheat, corn, barley, and oats. Grain brokers work with farmers, grain elevators, processors, and end-users such as food manufacturers, livestock producers, and exporters. They provide market information, negotiate prices, and arrange for the transportation and delivery of grain. Grain brokers must have a deep understanding of the grain market, including supply and demand factors, weather patterns, and government policies that affect the industry.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 425120 page

Tools

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

Industry Examples of Grain Brokers (Wholesale)

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

History

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.