The negative reaction to Friday’s bearish USDA acreage report was not counteracted by yesterday’s crop progress report. Corn closed lower again, triggering our exit signal. The time has come to say “bye bye” to the September $5.90 / $6.10 bear put spreads in corn we originally recommended shorting for 11 cents ($450) or more in Alert #19.

ExitCorn 7-2-13