Biofuels Digest Index drops 1.33 percent on ethanol glut

May 12, 2011 |

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dropped 1.33 percent to 89.80, its lowest point in two months, as ethanol stocks took a beating on news of strong gasoline supplies. For the day, Archer Daniels Midland (ADM) fell 2.48 percent to $32.58, while Valero (VLO) fell 4.99 percent to $27.06. Among other equities, Codexis (CDXS) dropped 3.04 percent to $9.25. Overall, advances led declines led advances 5 to 2 for the day.

Category: Digest Index

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