DEFINITION of 'Crop Year'
The time period from one year's harvest to the next for an agricultural commodity. The crop year varies for each commodity. The crop year has an influence on the price of a commodity, since the quality of the harvest may differ from year to year, depending on weather conditions and other factors.
BREAKING DOWN 'Crop Year'
Due to the timing of the harvests, crop years for most agricultural commodities do not coincide with the calendar year. For example, the crop year for wheat runs from July 1 to June 30, while that for soybeans runs from September 1 to August 31.