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Biofuels Digest Index falls 0.20 percent to 127.00 as ethanol weakens

February 21, 2008

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, fell 0.20 percent Wednesday to close at 127.00 as both ethanol stocks and diversified agribusiness dropped off slightly.

For the day, diversified agribusiness The Andersons (ANDE) fell 1.07 percent to close at $44.28. Among ethanol stocks, US BioEnergy (USBE) fell 2.66 percent to close at $7.69 which erased much of a strong jump earlier in the week.

Among small caps, Intrepid Technology & Resources (IESV.OB) jumped 25 percent to close at $0.012, while Xethanol (XNL) fell 5.88 percent to close at $0.48. For the day, declines led advances 2 to 1.

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

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