The Biofuels Digest Indexâ„¢ (BDI), a basket of 21 major public biofuel stocks, rose 0.68% today to 98.90 as a weeklong biofuels selloff ended, as investors considered the favorable impact of oil prices on biofuels prospects. Oil closed at over $80 a barrel for the first time, with U.S. crude closing at $80.09 a barrel, after hitting $80.20 earlier in the day.
Green Plains Renewable Energy (GPRE) was up 3.4% to $15.20, and Bluefire Ethanol (BFRE.OB) rose 3.45% to $4.50, while Texcom (TEXC.PK), New Gen Technologies (NWGN.OB) and Xethanol (XNL) were all down more than 5%. Among Big Ethanol stocks, Archer-Daniels-Midland (ADM) was up 0.8% to $32.83 while Pacific Ethanol (PEIX) fell .18% to $11.06.
In the broader markets, the Dow Jones industrials rose 133.74 points to 13,424.88, the S&P 500 was up 12.39 to close at 1483.95 and the Nasdaq was up 8.99 to 2601.06. Weekly new jobless claim figures were up 4,000 but suggested a more stable jobs picture after a disastrous job creation report was issued last week.
Free Subscription to the Daily Biofuels Digest e-newsletter
Related Stories
Biofuels Digest Index slips 0.31 percent to 48.58 on Big Oil slideThe Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, slipped 0.31 percent to 48.58 on a Big Oil slide offset by grain rises. Archer Daniels Midland (ADM) advanced 1.81 percent to ...
Indian biodiesel trial halted after feedstock prices soarIn India, the managing director of PMTCL in Pune said that a biodiesel trial would be discontinued due to high producer prices for biodiesel feedstock.
The 100-bus trial of B20 was canceled after t...
US ethanol mandates may be causing high diesel pricesSoutheast Farm Press is reporting that the surge in US ethanol demand may be causing diesel prices to soar. Diesel production is generally a byproduct of gasoline demand — the more gasoline demand, ...
Biofuels Digest Index rises 2.13 percent to 50.83 as world markets riseThe Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, rose 2.13 percent to 50.83 as world markets recovered. Archer Daniels Midland (ADM) gained 1.23 percent to $18.14, while Bio...
Biofuels Digest Index rises 1.81 percent; up 7.4 percent gain for the weekThe Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 1.81 percent to close at 128.81, locking in a 7.4 percent gain for the week. On the day, Archer Daniels Midland (...
Biofuels Digest Indexâ„¢ rises 2.50 percent to 107.49 as ethanol stocks continue recoveryThe Biofuels Digest Indexâ„¢, a basket of public biofuels stocks, rose 2.5 percent yesterday to close at 107.49.
Among large cap diversified agribusiness, Archer-Daniels-Midland (ADM) was up 2....
Subscribe FREE to the world's most-widely read biofuels daily. Enter your email in the box below,
Post a Comment | Trackback URL
