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January 12, 2009 | Jim Lane | Comments 0

Biofuels Digest drops 2.07 percent to 54.96 on ethanol, oil declines

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, lost 2.07 percent to close at 54.96 as ethanol and oil declined.  Archer Daniels Midland (ADM) gained 0.72 percent to $27.96, while British Petroleum (BP) fell 3.44 percent to $47.13. Among small caps, Pacific Ethanol (PEIX) fell 6.67 percent to $0.56. Overall, declines led advances by 5 to 3 for the day.

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