Biofuels Digest Indexâ„¢ drops 1.48% as Archer-Daniels-Midland takes a tumble

The Biofuels Digest Indexâ„¢, a basket of 21 public biofuel stocks, fell 1.48% to 98.68 as ethanol giant Archer-Daniels-Midland led the sector down by dropping 1.69% to $33.08. Oil rose to more than $83 per barrel, boosting major ethanol stocks such as Pacific Ethanol (PEIX), Aventine (AVR) and VeraSun Energy (VSE).

Environmental Power (EPG) lost 14.52% to close at $5.30 on morning news that its new offering of 5.4 million shares priced at $5.25 per share.
Winners led losers 8 to 7, but solid gains on the biodiesel side with Nova Biosource Fuels (NBF) up 4.07% to $2.81 could not fully offset the downside influence of ADM.
The broader markets were down slightly, with the Dow losing 17.31 points to close at 13895.63, the S&P down 4.63 to 1526.75, and the Nasdaq down 8.09 to 2701.50.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Biofuels Digest Index drops to new low of 80.02 as Archer Daniels Midland continues downwards spiral

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 4.42 percent Tuesday to close at an all-time low of 80.02 as Archer Daniels Midland (ADM) continued its long day's journey ...

Biofuels Digest Index drops 3.91 percent to 52.34 on broad market drop

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dropped 3.91 percent  to 52.34, on a broad market tumble. Archer Daniels Midland (ADM) fell 4.02 percent to $24.85, while Valer...

Biofuels Digest Index drops 0.20 percent to 127.02 as ethanol plunges off cliff

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.20 percent to 127.02 as ethanol stocks took a tumble. VeraSun Energy (VSE)  fell 12.3 percent to $7.83 while it...

Biofuels Digest Indexâ„¢ falls 0.60 percent despite US Senate passing Energy Bill

The Biofuels Digest Indexâ„¢, a basket of public biofuel stocks, fell 0.60 percent to 111.75 as losers led gainers 5 to 4 and drops in Pacific Ethanol (PEIX) and Archer-Daniels-Midland (ADM) led t...

Biofuels Digest Index drops 5.07 percent to 48.45 after Obama inauguration

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, dropped 5.07 percent to 48.45 on across the board drops following the Obama inauguration.  Archer Daniels Midland (ADM) gained ...

Biofuels Digest Index slumps 4.38 percent to 57.70 on Valero tumble

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, slumped 4.38 percent  to 57.70 on a big fall in Valero after disappointing forward guidance from the company.  For the day, Ar...