
Ingram Barge's M/V R. Clayton McWhorter, pushing 12 barges, passed Lock and Dam 3 near Welch, Minnesota on March 19, the first tow of the 2021 navigation season through Lake Pepin.
Ongoing construction at Lock and Dam 25 near Winfield, Missouri will limit navigation on the entire Upper Mississippi until the end of March.
Lock 25 construction restricts barge capacity on the upper river, keeping freight costs elevated and limiting the basis benefit that upriver producers normally get from cheap barge shipping.
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.