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March 14, 2008 | Jim Lane | Comments 0

Biofuels Digest Index gains 0.30 percent to 122.11 on agribusiness rise

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, gained 0.30 percent yesterday to close at 122.11 as diversified agribusiness recovered.

For the day, The Andersons (ANDE) jumped 3.18 percent to close at $44.18, while among ethanol stocks Verasun Energy (VSE) dropped 4.45 percent to a 52-week low of $6.65 despite a stronger than expected earnings report. Aventine Renewable Energy gained 1.33 percent to $5.35.

Among small caps, Xethanol (XNL) gained 22.56 percent to close at $0.44.  Declines and advances were even for the day.

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