Crop Years
Chapters in this video
- 0:00 Why Fiona the farmer ignores January 1st
- 0:43 Crop year definition: harvest to harvest
- 1:10 Old crop versus new crop side by side
- 2:54 The pantry fire: do old and new crop move together
- 3:28 How new-crop months diverge from old-crop months
- 5:21 The supply reset cycle when harvest arrives
- 6:10 Drought in old crop: the classic exam trap
- 6:45 Rapid-fire exam recap
What this video covers
- Why a crop year runs harvest to harvest, not January to December, and how the test uses calendar dates as a deliberate distraction
- The precise definition of a crop year and its alternate name, the marketing year, and why each commodity carries its own unique crop-year calendar
- How old crop and new crop differ in status, contract-month coverage, and pricing fundamentals (known supply versus expected harvest)
- Why a supply shock in old crop does not automatically move new-crop months, and how the exam tests this exact trap
- What new-crop contract months actually price in: acreage planted, growing-season weather, and yield forecasts
- How a large expected new harvest can leave new-crop months trading below old-crop months despite tight current supplies
- Why the arrival of a new harvest resets supply and demand, and how the old-crop vs new-crop distinction protects you on rapid-fire questions
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Series 3 course also includes adaptive practice questions and spaced-repetition flashcards, free through the end of 2026.