Biofuels Digest Index drops 2.05 percent to 124.51 on Aventine construction delay potential

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 2.05 percent Friday to close at 124.51 as diversified agribusiness slipped and ethanol stocks dropped on concerns over Aventine Renewable Energy (AVR).  For the day, Archer Daniels Midland (ADM) fell 1.85 percent to close at $44.48.  Among ethanol stocks, Aventine Renewable Energy (AVR) plunged 18.35 percent to $6.94 on reaction to a weak cash position and poor ethanol outlook. Among small caps, MGP Ingredients (MGPI), fell 5.57 percent to close at $7.29.   For the day, declines led advances 3 to 1.

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