Biofuels Digest Indexâ„¢ falls 2.21 percent to 131.27 in slow opening to 2008; diversified agribusiness loses steam; mid cap ethanol stocks mixed

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, fell 2.21 percent to 131.27 to open the new year on a dismal note.

Diversified agribusiness was off sharply, led by Archer Daniels Midland, which fell 2.52 percent to close at $45.26.

Mid cap ethanol stocks had mixed fortunes, with Aventine Renewable Energy (AVR) the strongest performer, up 2.51 percent to $13.08.

Among small caps, Texcom (TEXC.PK) rose 61.25 percent to $0.129 while Xethanol (XNL) was up 13.77 percent to $0.6826. Nova Biosource (NBF) announced a new $41 million senior debt finance facility but fell 8.28 percent on the news to $2.66.

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