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Investors sold tech stocks, especially enterprise software, after businesses were reported to be delaying major software investments due to Covid-19. Concerns grew that these firms may not be as insulated from the pandemic as previously believed.
The software spending slowdown affects technology equities rather than agricultural supply or demand. It has no direct price implication for feed commodities.
forbes.comDan RunkeviciusOct 29, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
