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.
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...
Stocks were expected to open higher as investors expect good news from unemployment claims data released this week. Major stock indices were trading up 0.1% this morning in the stock futures market.
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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...
Stock futures were up for all major indices around 0.3 percent this morning as strong corporate earnings reports helped in the broader markets.
Yesterday, the Biofuels Digest Indexâ„¢, a basket...
Stocks were set to open down today as major stock futures indices fell 0.2 percent overnight, as broad market investors awaited corporate earnings reports and biofuels investors looked at a variety of...
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.
The Biofuels Digest Ind...
