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October 17, 2008 | Jim Lane | Comments 0

Biofuels Digest Index soars 7.42 percent to 50.94 as market see-saw continues

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, jumped 7.42 percent to 50.94 as markets see-sawed another day and ethanol stocks generally advanced.  Archer Daniels Midland (ADM) jumped 10.88 percent to $17.84, while Pacific Ethanol (PEIX) gained 10.59 percent to $0.94.  Among small caps, Pure Biofuels (PBOF.OB) fell 18.18 percent to $0.09. Overall, declines and advances were even for the day.

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