The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, fell to 114.20 , down 1.81 from last Friday’s close. Among diversified agribusiness, Archer Daniels Midland (ADM) fell 1.86 percent to close at $41.16.
Among ethanol stocks, strongly mixed results with Pacific Ethanol down 1.79 percent to $4.40 on a wider than expected fourth quarter loss, while VeraSun Energy (VSE) fell 6.73 percent to $7.35 as it completed its merger with US BioEnergy. Aventine Renewable Energy (AVR) was up 7 percent to $5.20. Along small caps, Green Shift fell 23.80 percent to 0.10. Overall, declines led advances 2 to 1.
An industry researcher speaking at the International Corn Industry Conference in Dalian, China, projected US ethanol production capacity will increase from 6.7 billion gallons today to 20.43 billion g...
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 1.37 percent to 103.64 on a fallback in ethanol stocks. For the day, Archer Daniels Midland (ADM) lost 1.15 percent to clos...
Top Story:The U.S. Department of Agriculture (USDA) released 2008 report on crop plantings, projecting that US corn acreage would drop 8 percent to 86.0 million acres. Soybean production is expected t...
Monsanto has projected that corn yields will increase to 245 bushels per acre by 2022, when the US will produce 15 billion gallons of ethanol from corn. Based on an increase in production to 3.0 gallo...
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 3.47 percent to 54.77 as conventional oil prices slumped. Archer Daniels Midland (ADM) lost 0.74 percent to $28.14, while...
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 2.84 percent Friday to close at an all-time low of 84.94. For the day, Archer Daniels Midland (ADM) was down 3.07 percent...
