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October 27, 2008 | Jim Lane | Comments 0

Biofuels Digest Index drops 5.02 percent to 48.28 on ethanol slide

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, fell 5.02 percent to 48.28 as ethanol retreated. Archer Daniels Midland (ADM) lost 3.36 percent to $17.53, while Algodyne Ethanol (ADYN.PK) fell 50.00 percent to $0.04. Among small caps, Bluefire Ethanol (BFRE.OB) gained 9.23 oercent to $1.42. Overall, declines led advances 8 to 1 for the day.


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