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 conversion of 366 trucks to a B5 biodiesel blend.

Yesterday, the Biofuels Digest Index, a basket of public biofuels stocks, fell 0.54% in light holiday trading as weakeness in diversified agribusuesses such as Archer-Daniels-Midland (ADM) and The Andersons (ANDE) pulled the sector down. ADM was down 0.72% to $32.87 and ANDE was down 0.55% to $47.27.

Overall, losers led gainers 2 to 1 but pure-play ethanol company VeraSun (VSE) was amongst the gainers, moving up 3.64% to $11.67. Other pure-plays such as Pacific Ethanol (PEIX), Bluefire Ethanol (BFRE.OB) and Aventine Renewables (AVR) were down on the day.

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