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January 29, 2009 | Jim Lane | Comments 0

Biofuels Digest Index advances 1.43 percent to 52.48 on ethanol rally

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 1.43 percent to close at 52.48 on an ethanol advance.  Archer Daniels Midland (ADM) gained 1.08 percent to close at $28.09, while BlueFire Ethanol (BFRE.OB) gained 17.65 percent to close at $1.00. Among small caps, Pacific Ethanol (PEIX) gained 5.77 percent to close at $0.55. Overall, advances led declines 3 to 2 for the day.

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