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March 27, 2008 | Jim Lane | Comments 0

Biofuels Digest Index falls 0.53 percent to 117.53 on agribusiness weakness despite broader biofuels advance

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.53 percent to close at 117.53 as weakness in larger caps overshadowed a broader advance.  For the day, Archer Daniels Midland (ADM) fell 0.75 percent to close at $42.38.

Among ethanol stocks VeraSun Energy (VSE) gained 2.10 percent to close at $7.77, while Pacific Ethanol (PEIX) lost 1.09 percent a week before dismal quarterly earnings are expected. Along small caps, Nova Biosource Fuels (NBF) gained 9.42 percent, to $1.51. Overall, advances led declines 6 to 1.

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    Filed Under: Biofuels Digest Index (BDI)Stock & Financial Outlook

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