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Biofuels Digest Index plunges 3.86 percent on ethanol mandate repeal fears

April 30, 2008

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.

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

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