June typically hasn’t favored bulls over the years, but it is the month that has produced the most summer rallies in the corn and soybean markets. We highlight the details of those rallies over the past four-plus decades to use as a guide to your summer marketing plan. On the trade front, China is exporting a record amount of soymeal, while India is poised to allow wheat imports after a six-year hiatus. Meanwhile, USDA raised its ag import forecast and held the export outlook unchanged, which points to a record U.S. ag trade deficit in fiscal year 2024. Our page 4 feature takes a look at the complexities of Voluntary Carbon Markets after new guidelines from the Biden administration to reform them. We cover all of these items and much more in this week’s newsletter, which you can download here.