The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 4.13 percent to an all-time low of 70.13 as the US Republican party voted to adopt a ban on biofuel mandates as part of the party platform. For the day, Aventine Renewable Energy (AVR) fell 4.38 percent to $6.12, while Cosan (CZZ) fell 5.43 percent to finish at $11.33. Among small caps, Xethanol (XNL) fell 4.44 percent to $0.43. Overall, declines led advances 17 to 1 for the day.
Entry Information
Related Stories
US farm states may defect to Obama over McCain opposition to Farm Bill, ethanol subsidiesIn Washington, speculation is growing that the US farm states, reliable Republican votes in recent years, may switch to the Democratic Party this November over opposition of republican candidate John ...
Biofuels Digest Index gains 2.29 percent as global equity markets continue rallyThe Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, improved 2.29 percent to 53.95 as global equity markets continued to improve. Archer Daniels Midland (ADM) gained 1.27 perce...
US Senate leaders muster 60 votes to overcome Republican filibuster by dropping Renewable Power Standard, altering tax packageIn Washington, the US Senate will consider passage tomorrow of a revised Energy Bill which drops the controversial provision requiring utilities to use renewable sources to make 15 percent of their en...
Biofuels Digest Index jumps 6.96 percent to 52.74 as world markets recoverThe Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, jumped 6.96 percent to 52.74 as global equity markets advanced strongly. Archer Daniels Midland (ADM) gained 7.53 percent to...
Biofuels Digest Index falls 1.08 percent to all-time low of 72.67 on broad market sell-offThe Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 1.08 percent Monday to close at an all-time low of 72.67 amidst a large equity selloff on world markets. For the day, Arche...
Biofuels Digest Index drops 1.44 percent to 83.72, another all-time low.The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 1.44 percent Monday to close at an all-time low of 83.72. For the day, Archer Daniels Midland (ADM) was down 1.62 percent...