In the US, due to a record grain harvest, the shortage of storage capacity is intensifying.

According to forecasts, this year U.S. farmers will harvest a record crop of grains—corn, soybeans, and sorghum—totaling 21.5 billion bushels (≈ 548 million tons). However, grain elevators and traders are facing limited storage capacities, complicating the effective processing of the harvest, reports Agdaily.com. According to CoBank's Knowledge Exchange, this year's storage volumes will be extremely limited, and grain traders will be forced to charge higher fees due to limited throughput capacity and strained infrastructure. "The problem for grain elevators will be determining the priority of limited storage capacities. About 12 states—leading corn producers in the U.S. this year—are experiencing a shortage of vertical storage capacity of 1.4 billion bushels (≈ 35.7 million tons), as elevators are relying more on bins and emergency storage, such as ground piles. This year's shortage contrasts sharply with last year, when these states had an excess of storage of 361 million bushels ...