Biofuels Digest Index drops 2.13 percent to 116.74 as ethanol spreads narrow

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, dropped 2.13 percent yesterday to close at 116.74 for a third consecutive day of losses, as investors punished diversified agribusiness and ethanol stocks.

For the day, Archer Daniels Midland (ADM) fell 1.83 percent to close at $41.26, while The Andersons (ANDE) was off 0.48 percent, closing at $45.65. Among mid cap ethanol stocks, US BioEnergy (USBE) tumbled 9.28 percent to $7.23.

Among small caps Green Energy Resources (GRGR.PK) fell 16.13 percent to close at $0.13. Overall, declines led advances 3 to 1.

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