Biofuels Digest Index drops 1.05 percent to 116.30 on diversified agribusiness selloff
March 28, 2008
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 1.05 percent to close at 116.30 as diversified agribusiness continued to weaken.
For the day, Archer Daniels Midland (ADM) fell 1.04 percent to close at $41.94, while The Andersons (ANDE) lost 3.55 percent to finish at 42.67. Among ethanol stocks, Aventine Renewable Energy (AVR) plummeted 7.60 percent to close at $4.86. Along small caps, Green Energy Resources fell a whopping 20.00 percent to close at $0.12. Overall, declines led advances 2 to 1.
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