Biofuels Stock and Financial Outlook for September 12

The US stock market is expected to start lower this morning as drops in the dollar and uncertainty about Japan’s political future clouded the profit outlook. Major indices were down 0.3% in stock index futures trading.

In market news, Japanese Prime Minister Shinzo Abe resigned, creating concerns about political uncertainty, and the dollar fell to a new low against the euro. In the biofuels sector, Aventine Renewable Energy (AVR) announced an agreement with Aberdeen that will increase its ethanol marketing capacity by 100 million gallons per year.

The Biofuels Digest Indexâ„¢ (BDI), a basket of 21 major public biofuel stocks, rose 0.57% yesterday to 99.65 as the broad market advanced and biofuels winners led losers four to one.Big Ethanol recovered ground today after losses on Friday and Monday, with VeraSun Energy (VSE) down 0.63% to $12.73, and Archer-Daniels-Midland (ADM) up 0.49% to $32.70.

Pacific Ethanol (PEIX) was unchanged at $11.35 and Aventine was down 1.09% to $12.76. US BioEnergy (USBE) was subject of a negative article on its stock performance published in TheStreet.com. New Gen Technologies (NWGN.OB) announced a new contract to supply biofuels.

In the broader markets, the Dow Jones industrials rose 102.10 points to 13,229.95, the S&P 500 rose 10.70 to close at 1462.40 and the Nasdaq was up 20.82 to 2579.93.

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