Biofuels Stock and Financial Outlook for October 8: Stocks expected to open flat in holiday trading; palm oil prices climbing down from summer high

October 8, 2007

With US markets affected by the Columbus Day holiday, stocks are expected to open flat after light trading in futures produced no major price movements. Major indices were down less than 0.1 percent in futures trading.

In the biofuels sector, a report released by TransGraph predicted a 4.7 percent drop in palm oil futures prices as strong production in India offsets rising demand from biodiesel producers. The rise in palm oil prices earlier this year had caused a slowdown in global biodiesel plant construction and production levels.

On Friday, the Biofuels Digest Index, a basket of public biofuels stocks, rose 0.95% to close at 98.26. VeraSun was up 5.53% to $11.26 as investor sentiment continued to turn around for the pure-play ethanol company. Among other pure-plays, Aventine Renewables (AVR) was up 1.73% to $10.02 while Pacific Ethanol fell 2.04% to $9.11.

Biofuels Stock and Financial Outlook for October 15: Stock futures flat, oil prices at record, biofuels surging

Stock futures were flat this morning as US markets readied to open, as more than 15% of the S&P 500 prepares to release third quarter earnings this week. Crude oil futures reached a record $85.19 p...

Biofuels Stock and Financial Outlook for October 1: Stocks expected to open flat, biofuels receive tough coverage in WSJ, NYT

Stocks are expected to open flat this morning as the major indices showed an increase of less than 0.1 percent in futures trading. A manufacuring report, but few major earnings releases, are due today...

Biofuels Stock and Financial Outlook for October 3: Stocks expected to open lower, ethanol near-term prices weak

Stocks were expected to open lower as investors awaited a report on service sector growth. Major stock indices were trading down 0.1% this morning in the stock futures market. In biofuels, investor...

Biofuels Stock and Financial Outlook for October 9: Stock futures up, as investors weigh more ethanol plant construction halts and biodiesel conversions

Major stock indices were up slightly in overnight stock futures trading, as biofuels investors turn to consideration of an ethanol plant construction halt in Missouri and news that UPS will trial the ...

Biofuels Stock and Financial Outlook for October 19: Stock futures down, dollar sags, oil hits $90 a barrel

Stocks are expected to open down this morning as major stock indices took a minor hit in overnight futures trading, with all indices down between 0.1 and 0.4 percent. Oil crossed the $90 per barrel...

Biofuels Stock and Financial Outlook for October 25: Stock futures up on corporate earnings as ethanol stocks mixed, biodiesel stronger

Stock market futures were up this morning on strong corporate earnings, while the outlook for biofuels continued to increasingly punish ethanol pure-plays. A report this morning identified a worldwide...

Written by Jim Lane · Filed Under Biofuels Digest Index (BDI), Stock & Financial Outlook