Prices typically fall through late July and August as the markets begin to anticipate the coming new crop. A late season rally may occur in September as the market bids for remaining old crop supplies prior to the new crop harvest. Seasonal patterns are useful for setting time goals in marketing plans. Seasonal patterns provide clues as to when marketing opportunities might occur. They also suggest periods of the year to avoid for making sales.
Seasonal patterns occur every year in most agriculture commodities.
Knowing these patterns can help to plan for a time when sales may be made on determining how much longer the crop may have to be stored. Seasonal patterns aren't very useful for setting price goals. Price peaks may occur at one of the seasonal highs, but not necessarily. The patterns only suggest that prices may be higher at one time of the year than they are at another time. They don't suggest how much higher or if that high will be higher or lower than prices were earlier in the year.