Biofuels Digest Index plunges 3.86 percent on ethanol mandate repeal fears
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, plunged 3.86 percent to close at 126.26, on slumping agribusiness and falling ethanol stocks as fears grow over a repeal of the ethanol mandate. For the day, Archer Daniels Midland (ADM) fell 3.88 percent to $45.58 after the release of quarterly earnings, while Aventine Renewable Energy (AVR) fell 7.47 percent to $4.09 to lead an ethanol downhill sprint. Among small caps, Xethanol (XNL) gained 2.63 percent to close at $0.39. Overall, declines led advances 4 to 1 for the day.
Biofuels Digest Index plunges 4.16 percent to 115.49 as recession fears growThe Biofuels Digest Indexâ„¢ (BDI), a basket of public biofuels stocks, fell 4.16 percent yesterday to close at 115.49 as diversified agribusiness and ethanol plunged.
For the day, Archer Danie...
Missouri to consider repeal of ethanol mandate; food prices driving concernsIn Missouri, the state house is holding hearings on a repeal of the state ethanol mandate that took effect in January. A repeal bill was introduced by Rep. Mike Dethrow, R-Alton, who voted for the man...
Biofuels Digest Index falls 1.37 percent to 103.64 on corn crop failure fearsThe 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...
Biofuels Digest Index drops 2.36 percent to all-time low of 91.45 on corn crop fearsThe Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 2.36 percent to an all-time low of 91.45 as corn crop failure fears send investors scurrying for exits. Archer Daniels Midl...
Biofuels Digest Indexâ„¢ plunges 1.60% as jobs data raises recession fearsThe Biofuels Digest Indexâ„¢ (BDI), a basket of 21 major public biofuel stocks, fell 1.60% today to 99.70, as the market was stunned by the first monthly US payroll reduction in four years.
Big E...
Biofuels Digest Index plunges 2.56 percent to all-time low of 78.91 as investors flee ADM in advance of earningsThe Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 2.56 percent yesterday to an all-time low of 78.91 as agribusiness fell sharply and ethanol waned. For the day, Archer Da...
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