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October 18, 2007 | Jim Lane | Comments 0

Biofuels Digest Indexâ„¢ up 0.58 to 104.75, highest this year, as large caps lead, biodiesel blooms

The Biofuels Digest Indexâ„¢, a basket of public biofuel stocks, rose 0.58 points today to close at 104.75, the highest close for 2007. The Index has jumped more than 7 percent since October 3rd.

Large cap stocks led the advance, as Archer-Daniels-Midland (ADM) was up 0.42 percent to $35.50 and The Andersons rose 4.64 percent to close at $49.21. Biodiesel stocks did well, with Nova Biosource Fuels up 2.19 percent to $2.80 and Better Biodiesel up 41.43% to $1.98.

Big Ethanol stocks were mixed on the day, with VeraSun (VSE) up 0.24% to $12.43, while Aventine Renewable fell 1.96 percent to $9.98, and Pacific Ethanol (PEIX) closed at $8.83, down 0.56 percent on the day. Advancers led losers 9 to 8 in the day’s trading.

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