Biofuels Digest Indexâ„¢ drops 2.29 percent to 129.46 as biofuels retreat across the board

The Biofuels Digest Index™ (BDI),  a basket of public biofuels stocks, fell 2.29 percent yesterday to 129.46 as investors lost enthusiasm for biofuels across the board.

For the day, decliners led advancers 16 to 1. Among diversified agribusiness, Archer Daniels Midland (ADM) fell 1.83 percent to $45.02, while US BioEnergy (USBE) fell 7.07 percent to $10.39 in parallel to a decline at proposed merger partner VeraSun Energy (VSE).

Among small caps, Better Biodiesel (BBDS.OB) fell 34.84 percent to $1.01 in volatile trading surrounding its reverse merger with GAT, while Environmental Power (EPG) eked out a 2.22 percent gain to close at $4.60. Bluefire Ethanol (BFRE.OB) closed a $15 million financing but fell 3.50 percent to $3.86 on the news.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Biofuels Digest Index drops 0.64 percent to 52.59 on large cap retreat

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, lost 0.64 pecent Friday to close at 52.59 on a large cap retreat and ethanol gains.  Archer Daniels Midland (ADM) gained 0.07 p...

Biofuels Digest Index drops 3.31 percent to all-time low of 89.96 on general stock retreat

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dropped 3.31 percent to an all-time low of 89.96 as the stock market experienced a general retreat.  For the day, Archer Daniel...

Biofuels Digest Index drops 0.58 percent to 66.57 in retreat from 13-month high

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dropped 0.58 percent to 66.57 percent.  For the day, Archer Daniels Midland (ADM) fell 0.86 percent to $31.08, while BP gained ...

Biofuels Digest Index drops 5.07 percent to 48.45 after Obama inauguration

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dropped 5.07 percent to 48.45 on across the board drops following the Obama inauguration.  Archer Daniels Midland (ADM) gained ...

Biofuels Digest Index falls 1.76 percent to 54.18 on ethanol retreat

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 1.76 percent to 54.18 on an ethanol retreat. For the day, Archer Daniels Midland (ADM) lost 2.53 percent to $25.85, while B...

Biofuels Digest Index drops 4.83 percent to 54.17 on ethanol fall

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 4.83 percent to 54.17 as ethanol stocks sagged more than other sectors advanced.  Archer Daniels Midland (ADM) rose 6.28 p...