Biofuels Digest Index falls 1.84 percent in third consecutive drop
May 2, 2008
The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 1.84 percent to close at 120.08, as a third day of major declines in agribusiness matched a renewed spiral in ethanol stocks. For the day, Archer Daniels Midland (ADM) fell 1.97 percent to close at $43.19, while Aventine Renewable Energy (AVR) fell 2.05 percent to $4.30 to lead the ethanol trend. Among small caps, Green Energy Resources (GRGR.PK) gained 14.29 percent to finish at $0.16.  Overall, advances led declines 5 to 4 for the day.
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