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August 27, 2008 | Jim Lane | Comments 0

Biofuels Digest Index falls 0.63 percent to all time low of 72.21 on agribusiness, ethanol woe

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 0.63 percent Tuesday to close at an all-time low of 72.21 as ethanol and agribusiness plunged. For the day, Archer Daniels Midland (ADM) fell 0.67 percent to $25.24, while VeraSun Energy (VSE) lost 6.67 percent to close at $5.60. Among small caps, Great Plains Renewable Energy (GPRE) lost 4.65 percent to close at $6.77.  Overall, declines led advances 5 to 1 for the day.

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