It can be anything from crop availability in a specific region or country, or a competing crop in the largest production areas, as well as demand for those crops, which will have the greatest influence on a crop’s price.
Blue elaborates by noting that Canola prices tend to hit a low during the September/October period when there is abundant supply.
“Seasonal prices should be considered as more of a tendency than a certainty.
He explains that seasonal prices are calculated by taking the average price for a certain period, such as a week or month, and comparing it to the average price over a longer period such as a year.