Covington, La.-based Consolidated Grain and Barge has completed a $1.2 million grain storage facility at the Southeast Missouri Port Authority in Cape Girardeau.

The new facility was completed in June and is filled with 1 million bushels of wheat.

Dan Overbey, director of the Semo Port, believes the new storage facility will strengthen the port's ability to serve the region.

"This new facility will help CGB as a competitor in the region's grain markets and, ultimately, the strong competitive market among grain companies helps area farmers," Overbey said. "We are pleased to have the new facility and additional investment at Semo Port."