Biofuels Digest Indexâ„¢ gains 2.70 percent to close at 127.26 as ethanol stocks surge

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, gained 2.70 percent Tuesday to close at 127.26 as strong gains on ethanol stocks marked the opening of weekly trading.

For the day, diversified agribusiness Archer Daniels Midland (ADM) rose 2.79 percent to close at $45.36. Among ethanol stocks, US BioEnergy (USBE) gained 5.05 percent to close at $7.90, while Pacific Ethanol (PEIX) rose 3.78 percent to finish the day at $6.04.

Among small caps, Bluefire Ethanol (BFRE.OB) was up 3.22 percent to $3.85, while Green Plains Renewable Energy (GRRE) lost 2.73 percent to close at $9.25. For the day, advances led declines 6 to 5.

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