Biofuels Digest Indexâ„¢ up 0.1% as biofuels steady following September rollercoaster; Dow rocks to new high

The Biofuels Digest Indexâ„¢, a basket of 21 public biofuel stocks, rose 0.1% to 98.78 as ethanol stocks steadied after a rollercoaster September which saw new highs for the Index followed by a plunge to new lows caused by numerous analyst downgrades.

MGP Ingredients (MGPI) hit a new 52-week low, falling 2.05% to $10.059, joining VeraSUn (VSE) and Pacific Ethanol (PEIX) in plumbing new depths. Archer-Daniels-Midland was up 0.27% to $33.17 and The Andersons (ANDE) was up 1.6% to $48.79 as diversified companies led the pack.

Losers led winners 2 to 1 as pure plays fell amidst increasing ethanol gloom. Among small caps, Green Plains Renewable Energy (GPRE) was down 3.88% to $10.91 and Xethanol was down 11.59% to $0.61.

The broader markets were up sharply, with the Dow gaining 191.92 points to close at 14087.55, the S&P up 20.29 to 1547.04, and the Nasdaq up 39.49 to 2740.99.

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