I was leaning bearish heading into this week, but today's price action returns ZSX3 to the neutral position.

So far ZSX3 are trading ~ $.35 lower since the first of the year. 

Seasonally speaking, the market usually decides if the crop is "made" or not in the next few weeks. 

I continue to hold both put spreads and call spreads because I believe we will see a strong move from a breakout of the consolidation pattern that has held ZSX3 since November 2011.   

Good Luck!