US Markets closed for Good Friday, Biofuels Digest Index off eight percent for week as agribusiness sinks

US Markets were closed in observance of Good Friday. On Thursday, the Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, fell 3.85 percent to close at 111.10 as diversified agribusiness plunged, overcoming improvements in ethanol stocks.

For the day, Archer Daniels Midland (ADM) fell 4.76 percent to close at $40.18, while among ethanol stocks Verasun Energy (VSE) soared 15.51 percent to $6.63, shaking off a Moody’s downgrade earlier in the week; US BioEnergy (USBE) jumped 13.88 percent to $5.25.

Among small caps, Nova Biosource Fuels (NBF) gained 15.97 percent to $1.38 on news of management changes and new financing. Declines led advances 3 to 2.

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