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Biofuels Digest Index drops 3.29 percent to close at 115.55 as agribusiness, ethanol dive

March 20, 2008

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, tumbled 3.29 percent yesterday to close at 115.55 as diversified agribusiness and ethanol stocks slumped.

For the day, Archer Daniels Midland (ADM) fell 3.06 percent to close at $42.19, while among ethanol stocks Verasun Energy (VSE) dropped 6.06 percent to a 52-week low of $5.74; US BioEnergy (USBE) fell 5.53 percent to $4.61. Pacific Ethanol (PEIX) fell 12.53 percent to $4.33. Declines led advances 15 to 1.

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

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