Biofuels Digest Indexâ„¢ jumps 3.16 percent to 119.64 as recession fears wane

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, leapt 3.16 percent to close at 119.64 as large cap diversified agribusiness and mid cap ethanol stocks continued to rally as recessionary fears subside.

For the day, Archer Daniels Midland (ADM) rose 3.48 percent to close at $42.27, while Aventine Renewable Energy (AVR) rose 1.45 percent to $9.78 to lead the mid caps. Among small caps, Intrepid Technology jumped 23.08 percent to $0.016 on news that its biogas had successfully completed a rigorous testing program conducted by the Gas Technology Institute. Overall, advances led declines 5 to 3.

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