The spot price of yellow corn is $6.53 per bu. The futures price of the July corn futures is $6.22 per bu. This futures contract expires in 4 months. Suppose that the annual storage cost of corn is $0.59 per bu. The continuously compounded 4-month risk-free rate is 1.47% per year. Assume that corn is a true consumption commodity. What is the convenience yield for the July corn futures contract?