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October 29, 2009 | Jim Lane | Comments 0

Biofuels Digest Index drops 1.96 percent to 65.16 as ethanol weakens

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dropped 1.96 percent to 65.16 on an ethanol slide.  For the day, Archer Daniels Midland (ADM) fell 1.73 percent to $29.58, while BP also declined 1.73 percent to $56.82.  Among smaller caps, Cosan dipped 7.77 percent to $6.65. Overall, declines led advances 7 to 2 for the day.

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