Biofuels Stock and Financial Outlook for October 25: Stock futures up on corporate earnings as ethanol stocks mixed, biodiesel stronger

Stock market futures were up this morning on strong corporate earnings, while the outlook for biofuels continued to increasingly punish ethanol pure-plays. A report this morning identified a worldwide ethanol surplus of 658 million gallons.

S&P 500 futures were up 5.9 points, the Dow was up 54 points, and Nasdaq 100 futures were up 15.50 points in overnight trading.

Yesterday, the Biofuels Digest Indexâ„¢, a basket of public biofuel stocks, fell 1.58 percent to 101.49 as diversified large-cap companies such as Archer-Daniels-Midland (ADM) and The Andersons (ANDE) took a tumble. ADM was down 1.97 percent to close at $34.32 while ANDE closed at $49.85, down 1.91 percent.

Overall, losers led gainers 8 to 5 as pure-play Pacific Ethanol (PEIX) fell again to a new 52-week low of $7.70. VeraSun Energy (VSE) was up 6.91 percent to $13.00 and Aventine Renewables (AVR) was up 2.70 percent to close at $9.89 among other Big Ethanol stocks.

Biodiesel companies continue to track better than their ethanol counterparts, with Nova Biosource up 0.37 percent to $2.72 and Better Biodiesel flat at $1.90.

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