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November 05, 2008 | Jim Lane | Comments 1

Biofuels Digest Index jumps 6.59 percent to 57.41 on US election hopes

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, jumped 6.59 percent to 57.41 as the US election took place.  Archer Daniels Midland (ADM) leaped 15.25 percent to $24.33, while Aventine Renewable Energy (AVR) fell 22.50 percent to $1.55. Among small caps, Pacific Ethanol (PEIX) jumped 39 percent to $1.39. Overall, advances led declines 2 to 1 for the day.

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