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Biofuels Digest Index gains 2.72 percent as ethanol overcapacity expected to ease by fall

April 28, 2008

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 2.72 percent to close the week at 131.05 Friday, on gains in agribusiness and ethanol stocks.  For the day, Archer Daniels Midland (ADM) rose 2.56 percent  to $47.31, while Aventine Renewable Energy (AVR) rallied 10.15 percent to $4.45.  Among small caps, Environmental Power (EPG) rose 4.08 percent to close at $4.34.  Overall, advances led declines 2 to 1 for the day.

  • Oppenheimer says US ethanol overcapacity will ease by fall; ethanol stocks jump
    • In New York, Oppenheimer & Co. analyst Joseph A. Gomes Jr. said that overcapacity in the ethanol sector will begin to ease in the fall. He said that "the difficult near-term operating environment res...
  • Biofuels Digest Index gains 0.38 to 65.68 on ethanol gains
    • The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 0.38 percent to close at 65.68 on selected gains in ethanol stocks. For the day, Archer Daniels Midland (ADM) rose 2.31 p...
  • Biofuels Digest Index falls 2.38 percent to 127.58 as agribusiness fall outweighs small ethanol rally
    • The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, fell 2.38 percent to close at 127.58, on a fall in agribusiness offset by ethanol gains.  For the day, Archer Daniels Mid...
  • Biofuels Digest Index gains 0.47 percent to close at 89.45 on agribusiness, ethanol gains
    • The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 0.47 percent to close at 89.45 as agribusiness and ethanol, made modest gains across the board.  For the day, Archer Dan...
  • Biofuels Digest Index gains 2.60 percent to close at 52.45 as Aventine’s fall slows advance
    • The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, gained 2.60 percent to close at 52.45.  Archer Daniels Midland (ADM) rose 0.62 percent to $25.79, while Aventine Renewable Ener...
  • Biofuels Digest Indexâ„¢ gains 0.13 percent to 117.12 as ethanol falls, diversified agribusiness up
    • The Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, gained 0.13 percent yesterday to close at 117.12 as ethanol stocks fell, offsetting gains by large caps. For the day, div...

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

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