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December 28, 2007 | Jim Lane | Comments 0

Biofuels Digest Indexâ„¢ gains 0.35 percent to reach 52-week high of 133.56

The Biofuels Digest Indexâ„¢, a basket of public biofuels stocks, closed Thursday at 133.59, up 0,35 as the Index reached a new 52-week high of 133.56. The Index has risen more than 38 percent since October 3rd in the wake of improving ethanol margins and the signing of the Energy Independence Act.

Among large cap diversified agribusiness, Archer Daniels Midland (ADM) rose 0.63 percent to close at $46.04, while mid cap ethanol stocks were generally down slightly on the day, with VeraSun Energy (VSE), down 3.2 percent to $15.73, leading the decliners. Overall, winners and losers were even for the day.

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