Biofuels Digest Index edges up to 89.75 as oil drops, ethanol gains

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, edged up 0.09 percent to 89.75 as ethanol gains offset oil losses. For the day, Archer Daniels Midland (ADM) gained 0.68 percent to $36.99, while Codexis (CDXS) jumped 2.54 percent to $10.51. Among other equities, Valero (VLO) shed 2.30 percent to $27.19. Overall, advances led declines 4 to 3 for the day.