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February 24, 2009 | Jim Lane | Comments 0

Biofuels Digest Index drops 2.86 percent on broad market swoon

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dropped 2.86 percent to 47.47 as Wall Street fell to 12-year lows.  Archer Daniels Midland (ADM) fell 1.12 percent to $27.37, while British Petroleum (BP) fell 3.62 percent to $38.65.  Among small caps, Momentum Biofuels jumped 300.00 percent to close at $0.32. Overall, declines led advances 2 to 1 for the day.

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