# Storage investment on the rise amid consecutive bumper grain crops - ABC News

> ABC reports that bumper grain crops in Australia have boosted on-farm storage investment, with GrainCorp adding two million tonnes of storage. Silo manufacturers report customer waits of about 20 months.

- Date: 2022-06-28 · published 2022-06-28T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/40889-storage-investment-on-the-rise-amid-consecutive-bumper-grain-crops-abc-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Growing storage capacity shows large grain volumes are expected to continue, but it has little direct effect on global feed grain prices.

## Sources

- abc.net.au: https://www.abc.net.au/news/rural/2022-06-28/storage-investment-rises-amid-bumper-grain-crops/101186138

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.