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NAICS Code· 523140

NAICS 523140: Commodity Contracts Brokerage

NAICS 523140 - Commodity Contracts Brokerage covers businesses primarily engaged in arranging the purchase and sale of commodity contracts. This includes the brokerage of futures contracts, options on commodities, and other derivative instruments used for hedging and price risk management.

Industry Spending Overview

Federal obligations, top contractors and agencies, and related industry codes for NAICS 523140.

AI Industry Description

NAICS 523140 - Commodity Contracts Brokerage covers businesses primarily engaged in arranging the purchase and sale of commodity contracts. This includes the brokerage of futures contracts, options on commodities, and other derivative instruments used for hedging and price risk management. In the co...

NAICS 523140 - Commodity Contracts Brokerage covers businesses primarily engaged in arranging the purchase and sale of commodity contracts. This includes the brokerage of futures contracts, options on commodities, and other derivative instruments used for hedging and price risk management. In the context of government contracting, this sector provides specialized financial intermediation services that allow entities to manage exposure to volatile commodity prices, such as energy, metals, or agricultural products, ensuring fiscal stability within procurement budgets.

Competition

How many companies historically bid on federal awards in NAICS 523140, from bidder counts reported on USAspending.

Usually Single-Bid

Half or more of reported awards drew exactly one bidder, usually a sign of incumbent-held work rather than an open field. · 599 reported awards

Median Bidders

1

Per reported award, all-time

Single-Bid Awards

62%

Share of reported awards with one bidder

10+ Bidder Awards

0%

Share of reported awards with 10+ bidders

Reported Awards

599

94% of 638 total awards

Bidder Count Distribution by Fiscal Year

Share of reported awards in each bidder-count bracket per federal fiscal year.

How this code compares up the NAICS hierarchy. Parent cohorts pool every code under their prefix, so they are the steadier baseline when a 6-digit sample is thin.

Industry FamilyCompetitionMedian BiddersSingle-BidBidder MixReported Awards
523140This Code
Commodity Contracts Brokerage
Usually Single-Bid162%
59994% of 638
52314NAICS Industry
Usually Single-Bid162%
59994% of 638
5231Industry Group
Securities and Commodity Contracts Intermediation and Brokerage
Usually Single-Bid160%
1,00892% of 1,099
523Subsector
Usually Single-Bid176%
29,57495% of 31,281
52Sector
Finance and Insurance
Usually Single-Bid171%
55,95985% of 65,779

Bidder counts reported on past federal awards in this NAICS (USAspending). An open opportunity has no bidders yet, so this is the historical norm for similar work, not a fact about this solicitation. Not all awards report bidder counts, and fewer bidders often means incumbent-held work rather than an easier win. Federal reporting of bidder counts fell from ~96% of awards (FY2016) to ~30% (FY2018 onward); the chart shows shares of reported awards, and washed-out stretches mark years with fewer than 30 of them.

Related NAICS Codes

Industries similar to Commodity Contracts Brokerage, by shared sector, subsector, and industry group.

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NAICS 523140 FAQ

Frequently Asked Questions

NAICS code 523140 stands for Commodity Contracts Brokerage. It is a North American Industry Classification System code used by the federal government to classify business activity for procurement and contracting purposes.

Recently Posted in Commodity Contracts Brokerage

NAICS: 523140
Federal
99 -- National Federal Procurement Event That You Cannot Afford to Miss
Solicitation # Special-Notice-253
The National Federal Procurement Event scheduled for December 6-8, 2004, is a crucial opportunity for service-disabled veterans, veterans, and small business owners to connect with federal procurement opportunities. Sponsored by several key federal agencies including the General Services Administration, Small Business Administration, Minority Business Development Agency, Department of Defense, and Department of Veterans Affairs, this three-day event focuses on assisting businesses in navigating government contracting processes. Attendees can participate in educational workshops covering finance, security clearances, subcontracting, certifications, and how to become a GSA Federal Supply Schedule holder. The event also features success stories from service-disabled veteran owned businesses and offers one-on-one matchmaking sessions with government agencies and prime contractors. Hosted at the Hilton Hawaiian Village Conference Center in Honolulu, Hawaii, the conference begins with registration, matchmaking, and a welcome reception on December 6, followed by a trade fair, workshops, and networking sessions on December 7 and 8. The $95 registration fee includes access to all events, two luncheons, a networking luau, and the opening reception. This event, coordinated by a team including Business Specialist Intern Jessica I Monge, provides a valuable platform for attendees to secure federal contracts and build professional relationships within the government procurement community. More information and online registration are available via the event’s designated website.

POSTED

about 22 years ago

DEADLINE

N/A
View Details

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