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December 05, 2008 | Jim Lane | Comments 0

Biofuels Digest Index falls 3.46 percent to 48.82 on more ethanol weakness

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 3.46 percent to close at 48.82 as ethanol stocks continued to weaken. Archer Daniels Midland (ADM) lost 1.95 percent to close at $24.61, while Cosan (CZZ) fell 14.24 percent to close at $2.53.  Among small caps, Algodyne Ethanol (AYDN.PK) fell 20.00 percent to $0.04.  Overall, declines led advances 2 to 1 for the day.

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