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Biofuels Digest Index jumps 1.56 percent to 115.97 as recession fears ease

January 24, 2008

The Biofuels Digest Indexâ„¢, a basket of public biofuels stocks, rose 1.56 percent yesterday to 115.97, after declining for five consecutive sessions.

Among diversified agribusiness, Archer Daniels Midland (ADM) was up 1.64 percent to $40.85, while among mid caps Pacific Ethanol (PEIX) rose 6.20 percent to $5.31 as the ethanol sector rallied broadly with fears of a recession fading slightly on positive comments from the Congressional Budget Office.

Among small caps, Xethanol (XNL) fell 16.18 percent to $0.57 while GreenShift (GSHF.OB) jumped 9.09 percent to close at $0.012. For the day, advances led declines 3 to 1.

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    • The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, recovered 1.94 percent to 93.03 as the Midwestern floods crested.  For the day, Archer Daniels Midland (ADM) gained 2.54 percen...
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    Written by Jim Lane · Filed Under Biofuels Digest Index (BDI), Stock & Financial Outlook 

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