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Agricultural Product Market Analysis: US Wheat Planting Area Continues to Hit Record Lows, Global Price Trends Show Emerging Signals. Are We Approaching a Real Turning Point in the Agricultural Product Market Amid Multiple Data Trends?

Golden Ten Data, July 1 – According to sources from the United States, Mark Zandi, Chief Economist at Moody's Analytics, recently published an article stating that the war launched by the US against Iran has cost each American household an average of about $1,000. The article points out that this $1,000 includes the additional refueling costs due to rising oil prices, extra expenses on shopping and travel caused by price increases, and the share of war-related costs incurred by the US government. Zandi emphasizes that the $1,000 average household loss is only a conservative estimate and that the actual cost Americans have paid for this war could be even higher.

On July 1, according to Bit.com market data, U.S. stocks closed mixed, with the Dow Jones Industrial Average rising 0.26% to set a new closing record. The S&P 500 index increased by 0.79%, and the Nasdaq rose by 1.52%, both recording their best quarterly performance since 2020. The technology and semiconductor sectors led the gains, with the Philadelphia Semiconductor Index up 3.92%. AMD surged 7.68%, TSMC's ADR rose 4.86%, Apple increased by 2.7%, and SanDisk jumped nearly 11%.