Biofuels Digest Index up 0.99 points to 103.37 as Energy Bill prospects lift ethanol stocks

The Biofuels Digest Indexâ„¢, a basket of public biofuels stocks, rose 0.99 points yesterday to close at 103.37, as rising prices for pure-play ethanol stocks offset mixed results from large cap agribusiness.

Among large caps, Archer-Daniels-Midland (ADM) led the sector, up 0.76 percent to $35.97. Pacific Ethanol was up 1.08 percent to $4.64 despite a downgrade to “Sell” by Goldman Sachs, with VeraSun Energy (VSE) up 4.93 percent to $10.64 leading among ethanol pure-plays. The prospects for an increased ethanol mandate in the imminent Energy Bill have increased investor interest in ethanol stocks.
Among small caps, Xethanol (XNL) was down 21.05 percent to $0.30 while GreenShift (GSHF.OB) rose 10 percent to close at $0.33.

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