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July 09, 2008 | Jim Lane | Comments 0

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 Daniels Midland (ADM) was up 0.38 percent to $32.03, while Aventine Renewable Energy (AVR) gained 1.91 percent to $4.80 to lead ethanol gainers. Among small caps, Green Energy Resources (GRGR.PK) jumped 33,33 percent to $0.08. Overall, advances led declines 3 to 1 for the day.

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