Biofuels Stock and Financial Outlook for September 10

The US stock market is expected to start higher this morning as investors await the July consumer credit report. Major indices were up slightly in stock index futures trading.

Big Ethanol was hit hardest with Aventine Renewable Energy (AVR) down 5.81% to $13.13, VeraSun Energy (VSE) down 5.07% to $12.93, and Archer-Daniels-Midland (ADM) down 1.33% to $32.71. Some small caps found higher ground Friday, led by Environmental Power (EPG), up 2.74% to $4.88. Today, Calyon Securities initiated coverage on US BioEnergy (USBE), VeraSun, and Aventine.

Today, biofuel investors will weigh the significance of reports of trouble in Texas biodiesel industry fundamentals, the impact of drought and flood in China, and a report from the Philippines that jatropha production may not be economically viable for farmers.

In the broader markets, the Dow Jones industrials fell 249.97 points to 13113.38, the S&P 500 fell 25.00 to 1453.55 and the Nasdaq tumbled 48.62 to 2565.70. The monthly payroll report showed 4,000 fewer non-farm jobs, far lower than the 100,000 new jobs forecasted by economists.

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