Biofuels Digest Index ups to 89.33 on broad renewables advance

July 14, 2011 | admin

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, recovered 0.66 percent to 89.33 on a broad advance in renewables. For the day, Archer Daniels Midland (ADM) dropped 1.14 percent to $30.44, while Gevo (GEVO) soared 8.00 percent to $17.95. Among other equities, Syntroleum (SYNM) gained 2.90 percent to $1.42. Overall, advances led declines 3 to 1 for the day.