Biofuels Digest Indexâ„¢ plunges 4.46 to 199.28 as investors punish earning miss by Archer Daniels Midland

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, plunged 4.46 percent yesterday to close at 119.28 after investors continued to punish Archer Daniels Midland (ADM) for missing analyst expectations on its second quarter earnings.

For the day, Archer Daniels Midland fell 4.91 percent to close at $42.02, while The Andersons (ANDE) was off 0.86 percent, closing at $45.87. Among mid cap ethanol stocks, Pacific Ethanol (PEIX) rose 3.61 percent to $6.31 in the afterglow of a $24 million DOE grant, while among small caps Intrepid Technology & Resources (IESV.OB) fell 15.79 percent to close at $0.016.

Overall, declines led advances 3 to 1.

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