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Biofuels Digest Index jumps 2.90 percent to 122.97 as agribusiness, ethanol both on the rise

January 29, 2008

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, rose 2.90 percent yesterday as diversified agribusiness and ethanol stocks all performed strongly at week’s open.

For the day, sector giant Archer Daniels Midland (ADM) rose 2.83 percent to $43.30, while all ethanol stocks rose, paced by US BioEnergy (USBE) which closed at $8.07, up 5.63 percent.

Among small caps, Xethanol (XNL) rose 9.09 percent to $0.72, while GreenShift (GSHF.OB) tumbled 9.89 percent to $0.0082. Overall, advances led declines by 3 to 1.

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    Written by Jim Lane · Filed Under Biofuels Digest Index (BDI), Stock & Financial Outlook 

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