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The U.S. Army Corps of Engineers opened the Upper Mississippi River to barge traffic on March 20, with the first tow reaching St. Paul, MN. The opening came about a week earlier than last year's first tow, and the report notes the river had been closed since December 1, 2024.
Reopening the upper river restores low-cost barge capacity for grain and fertilizer, which eases freight pressure and tends to narrow upper-river basis.
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.