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Biofuels Digest Index falls 0.18 percent to 119.60 as agribusiness slips

April 15, 2008

The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, fell 0.18 percent to close at 119.70 as ethanol gains offset small agribusiness drops. For the day, Archer Daniels Midland (ADM) fell 0.19 percent to $42.95 as the company filed a non-ethanol related dumping complaint against Canada and China, while VeraSun Energy (VSE) rose 1.14 percent to $7.10 to lead ethanol stocks. Among small caps, Bio Solutions Manufacturing (BSLM.OB) rose 47.06 percent to $0.005 rose 7.30 percent and MGP Ingredients (MGPI) gained 6.35 percent to close at $7.54. Overall, declines and advances were even for the day.

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

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