Biofuels Digest Indexâ„¢ drops 0.62 percent to 127.53 as VeraSun Energy, US Bio Energy downgraded

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.62 percent to close at 127.53 as continued weakness was experienced in large cap agribusiness and mid cap ethanol stocks.  For the day, declines led advances 5 to 1, with diversified agribusiness The Andersons (ANDE) falling 1.04 percent to $45.68. Among ethanol stocks, Pacific Ethanol (PEIX) tumbled 6.48 percent to close at $6.64.

Among small caps, GreenShift gained 8.33 percent to end at $0.013 while Green Energy Resources (GRGR.PK) fell 17.65 percent to close at $0.14.

In a note to investors, Raymond James analyst Pavel Molchanov downgraded US BioEnergy Corp. (USBE) and Verasun Energy (VSE). to “Market Perform” from “Outperform”, calling the ethanol outlook “truly bleak, at least for the next 18-24 months.”

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