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September 07, 2007 | Jim Lane | Comments 0

Biofuels Stock and Financial Outlook for September 7

The US stock market is expected to start lower this morning as investors await the monthly job figures. Major indices were down under one percent in stock index futures trading.

The Biofuels Digest Indexâ„¢ (BDI), a basket of 21 major public biofuel stocks, rose 0.38% yesterday to 101.32 as the market focused on sector-specific and company-specific news while awaiting the highly-anticipated jobs report on Friday.

Archer-Daniels-Midland (ADM) and VeraSun (VSE) received favorable coverage on their growth strategies in The Motley Fool. ADM was up .33% to $33.15, while VeraSun rose 4.45% to $13.62. Other larger players fared well Thursday, including Pacific Ethanol (PEIX) , up 2.5% to $11.91. Texcom (TEXC.PK) was down 22.7% today, falling to $0.17, while Better Biodiesel (BBDS.OB) lost ground today, falling 11.2% to $1.51.

Earth Biofuels (EBOF.OB) is facing increasing speculation about its prospects for survival, and a jihad against biofuels continues with a major assault on the sector by the National Petrochemical & Refiners Association distributed on BusinessWire this morning.

In the broader markets, the Dow Jones industrials were up 58.69 points to 13,364.16, the S&P 500 rose 6.19 points to 1,478.48, and the Nasdaq rose 8.37 points to 2,614.32.

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    Filed Under: Biofuels Digest Index (BDI)Stock & Financial Outlook

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