Biofuels Digest Index falls to 114.20 on corn acreage decrease

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, fell to 114.20 , down 1.81 from last Friday’s close.  Among diversified agribusiness, Archer Daniels Midland (ADM) fell 1.86 percent to close at $41.16.

Among ethanol stocks, strongly mixed results with Pacific Ethanol down 1.79 percent to $4.40 on a wider than expected fourth quarter loss, while VeraSun Energy (VSE) fell 6.73 percent to $7.35 as it completed its merger with US BioEnergy. Aventine Renewable Energy (AVR) was up 7 percent to $5.20.  Along small caps, Green Shift fell 23.80 percent to 0.10.  Overall, declines led advances 2 to 1.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Indiana corn acres, energy inputs, fertilizer inputs down, but yields continue to rise in refutation of indirect land use change projections

In Indiana, Hoosier Ag Today ran a feature on indirect land use change, finding that corn planting had decreased from 6.5 million acres in 2007 to 5.6 million acres in 2008 and 2009, in response to hi...

USDA projects decrease in crop planting of 8 million acres in 2009 despite elevated prices

In Illinois, experts briefing the press at the Chicago Board of trade said that soybean exports will reach record levels in 2009 based on 76 million planted acres of soybeans, compared to 85 million a...

Corn expert predicts 100% increase in biofuel demand for US corn by 2009 as corn acreage falls

An industry researcher speaking at the International Corn Industry Conference in Dalian, China, projected US ethanol production capacity will increase from 6.7 billion gallons today to 20.43 billion g...

Biofuels Digest Index falls 1.37 percent to 103.64 on corn crop failure fears

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 1.37 percent to 103.64 on a fallback in ethanol stocks. For the day, Archer Daniels Midland (ADM) lost 1.15 percent to clos...

Today in Biofuels: USDA projects US corn acreage to decrease 8 percent in 2008; EU propsoes new sustainability directive; Range Fuels raises $130 million

Top Story:The U.S. Department of Agriculture (USDA) released 2008 report on crop plantings, projecting that US corn acreage would drop 8 percent to 86.0 million acres. Soybean production is expected t...

Biofuels Digest Index falls 1.21 percent to 53.26 on oil, Big Grain retreat

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 0.58 percent to 53.91 as oil and ethanol advanced. For the day, Archer Daniels Midland (ADM) rose 1.85 percent to $27.03,...