The Biofuels Digest Indexâ„¢, a basket of 21 public biofuel stocks, rose 0.1% to 98.78 as ethanol stocks steadied after a rollercoaster September which saw new highs for the Index followed by a plunge to new lows caused by numerous analyst downgrades.
MGP Ingredients (MGPI) hit a new 52-week low, falling 2.05% to $10.059, joining VeraSUn (VSE) and Pacific Ethanol (PEIX) in plumbing new depths. Archer-Daniels-Midland was up 0.27% to $33.17 and The Andersons (ANDE) was up 1.6% to $48.79 as diversified companies led the pack.
Losers led winners 2 to 1 as pure plays fell amidst increasing ethanol gloom. Among small caps, Green Plains Renewable Energy (GPRE) was down 3.88% to $10.91 and Xethanol was down 11.59% to $0.61.
The broader markets were up sharply, with the Dow gaining 191.92 points to close at 14087.55, the S&P up 20.29 to 1547.04, and the Nasdaq up 39.49 to 2740.99.
Stocks are expected to open up this this morning as the major indices showed an increase of 0.2 percent in futures trading.
VeraSun Energy (VSE) announced the suspension of construction on its 110 ...
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 1.17 percent to 64.91 on renewed broad market fears over the financial system. For the day, British Petroleum (BP) fell 1.0...
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 4.72 percent to 52.18 amidst a general market rise. Archer Daniels Midland (ADM) gained 2.89 percent to close at $25.27...
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 5.61 percent Friday to close at 66.85 as the broader markets advanced on announcement of a US government-led reorganizati...
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 1.97 percent to close at 63.30 as the broader markets advanced on hopes of a US government-led reorganization of the mort...
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.88 percent to 66.26 as the broader markets retreated amidst market turmoil. For the day, Archer Daniels Midland (ADM) f...
