Biofuels Digest Indexâ„¢ jumps 3.35 percent to 121.04 as agribusiness, ethanol improve

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, jumped 3.35 percent Friday to close at 121.04 recovering most of the losses from last week’s slide. For the day, diversified agribusiness Archer Daniels Midland (AMD) leaped 3.72 percent to close at $42.95 after announcing cost-cutting measures.

Among mid caps, VeraSun Energy (VSE) rose 1.62 percent to $9.41 as ethanol stocks generally rose, excepting Aventine Renewable Energy (AVR), down 1.07 percent to $8.30.

Among small caps, GreenShift (CICB.OB) fell 35 percent to $0.0052 while Nova Biosource Fuels (NBF) rose 3.98 percent to $2.09. Overall, declines led advances 3 to 2.

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