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March 17, 2008 | Jim Lane | Comments 0

Biofuels Digest Index drops 1.32 percent to 120.50 on broad market jitters

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, fell 1.32 percent yesterday to close at 120.50 as diversified agribusiness and ethanol slipped on general market weakness.

For the day, The Andersons (ANDE) tumbled 4.55 percent to close at $42.17, while among ethanol stocks Verasun Energy (VSE) dropped 5.71 percent to a 52-week low of $6.27 despite strong earnings. Pacific Ethanol (PEIX) fell 11.55 percent to $4.75.

Among small caps, Xethanol (XNL) gained 6.80 percent to close at $0.4699. Declines led advances 5 to 1.

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