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The first tows of the 2026 Upper Mississippi navigation season locked through Lock and Dam 2 at Hastings, Minnesota, on March 23 and reached St. Paul. The lockage marks the unofficial season start, with four more tows following immediately.
An early reopening of the upper river lets grain and fertilizer barges move sooner, which can ease river freight tightness and modestly weigh on barge rates and Midwest basis for barge-dependent grain.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.