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April 08, 2008 | Jim Lane | Comments 0

Biofuels Digest Index gains 1.35 percent to 119.61 as agribusiness recovers

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, gained 1.35 percent to close at 119.61 led by continuing strength in diversified agribusiness. For the day, Archer Daniels Midland (ADM) gained 1.46 percent to close at $43.15, while The Andersons (ANDE) rose 0.23 percent to close at $43.54. Among ethanol stocks, VeraSun Energy (VSE) gained 2.14 percent to close at $8.60. Among small caps, Green Energy Resources (GRGR.PK) fell 11.11 percent to $0.12, and Bluefire Ethanol (BFRE.OB) rose 1.59 percent on appointment of a new CFO. Overall, advances led advances 6 to 5.

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