Biofuels Digest Indexâ„¢ falls 0.60 percent despite US Senate passing Energy Bill

The Biofuels Digest Indexâ„¢, a basket of public biofuel stocks, fell 0.60 percent to 111.75 as losers led gainers 5 to 4 and drops in Pacific Ethanol (PEIX) and Archer-Daniels-Midland (ADM) led the index downwards, despite the passage of the US Energy Bill in the Senate. For the day, Archer-Daniels-Midland was down 1.14 percent to $38.29 and Pacific Ethanol lost 4.88 percent to close at $6.04.

Among mid cap ethanol stocks, US BioEnergy was up sharply (USBE), 8.89 percent to $10.78, on news of the sale of two small units, while Better Biodiesel (BBDS.OB) was up 25 percent to $0.75.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

US House and Senate Farm bills contrasted

A comparison of differences between the US House and Senate fuel bills was published in the Washington Post. Key contrasts cited by the Post included: average vehicle fuel efficiency mandates (in t...

US Senate passes Energy Bill 86-8; oil tax package dropped to overcome Republican filibuster; House likely to approve, President Bush says will sign

In Washington, the United States Senate passed the Energy Bill 86-8 after $13 billion in oil company taxes were dropped from the bill. Voting on an earlier version of the bill with the tax package sti...

Biofuels Digest Index falls 7.84 percent to new low of 59.69 amidst Wall Street wipeout

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, lost a record 7.84 percent Monday to close at an all time low of 59.69 amidst a Wall Street wipeout occasioned by the failure of...

Reduced CAFE targets may get US Energy Bill out of gridlocked Congress

In Washington, prospects for the Energy Bill to emerge from congressional negotiations this year have brightened. The House and Senate leadership indicated that key compromises have been reached on CA...

Senate Agricultural Committee approves $280 billion Farm Bill

In Washington, the Senate Agriculture Committee on Thursday approved its version of the five-year, $280 billion farm bill. The bill earmarks $1.3 billion for biofuels over the next five years, and ...

US Senate passes $256 billion Farm Bill; includes cellulosic ethanol, other biofuels tax credits for farmers

The US Senate passed the $256 billion Farm Bill by a vote of 79-14. The bill includes tax credits for farmers involved in cellulosic ethanol or other biofuels production. The bill moves to a confer...