Biofuels Digest Index plummets 4.04 percent on agribusiness dive

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, plummeted 4.04 percent percent to close at 118.39 as agribusiness sunk  and ethanol stocks struggled. For the day, Archer Daniels Midland (ADM) fell 4.22 percent to close at $42.68, while Aventine Renewable Energy (AVR) fell 4.57 percent to lead the ethanol downturn.  Among small caps, Nova Biosource Fuels (NBF) rose 7.96 percent to $1.22 investor enthusiasm for its plant opening in Illinois.  Overall, advances led declines 3 to 1 for the day.

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