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5 Sectors Impacted by Egypt's Unrest

Stocks in this article: APA ADM GD

When one thinks of Egyptian products, Pima cotton comes to mind.

"You know the kind that makes you feel like you're sleeping on butter," says Suzanne Johnson of First Capital Group. But she says that Egypt is a small producer in the big scheme of things. "If it were India, maybe I'd be concerned," said Johnson. So cotton should not be affected by this.

However, wheat prices are falling on the political unrest. According to the U.S. Commercial Service, Egypt is one of the world's largest consumers of wheat and a key market for U.S. wheat farmers.

The U.S. wheat, corn and soybean market is roughly $2 billion a year, and wheat has already fallen 2.4% on fears of less purchasing. That isn't expected to last for long.

While in the near term there may not be a governmental mechanism to purchase wheat, it's expected that eventually people will need the grain and the market will open back up. Archer Daniels Midland (ADM ) was trading up on Monday, whereas ConAgra (CAG ) was off slightly.

--Written by Debra Borchardt in New York.



>To contact the writer of this article, click here: Debra Borchardt.

>To follow the writer on Twitter, go to http://twitter.com/wallandbroad.

>To submit a news tip, send an email to: tips@thestreet.com.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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