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AAP

Adrian Black

Global grain glut pushes growers toward self-storage

GrainCorp Australia

GrainCorp is feeling the pinch as growers opt to store crops on-farm due to global oversupply. (Lukas Coch/AAP PHOTOS)

Australian grain growers are storing their product on farms rather than shipping it offshore via handlers as falling commodity prices cut into already thin margins.

Shares in GrainCorp, one of Australia's biggest agribusinesses, dropped to multi-year lows on Monday after it downgraded its earnings outlook because of global oversupply and weak returns for grains.

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