Biofuels Digest Indexâ„¢ drops another 1.76% to all-time low as ethanol stocks continue slide

The Biofuels Digest Index, a basket of publicly traded biofuels stocks, lost 1.76% to close at an all-time low of 96.67 as weak job data caused jitters in the broader markets and continued problems among ethanol producers resulted in lower profit estimates and share price targets from analysts.

Aventine fell 6.46% to $9.12 after Aventine (AVR) CFO Ajay Sabherwal attempted to make the case yesterday for his company at Citigroup’s “Ethanol on the Cob II” biofuels conference. Aventine has fallen more than 10 percent in the past two days. VeraSun (VSE) and US BioEnergy (USBE) were also off more than 2%, while Archer-Daniels-Midland (ADM) and The Andersons (ANDE) were down less than 2%.

Microcaps had a more mixed day, with Green Energy Resources (GRGR.PK) up over 11% on the day while Environmental Power (EPG) was down 3.04% to close at $5.10.

In the broader markets, weak jobs data led to losses as the Dow closed down 79.26 to 13,968.05, the S&P 500 down 7.04 points to close at 1539.59, and Nasdaq down 17.68 points to close at 2729.43.

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