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May 07, 2009 | Jim Lane | Comments 0

Biofuels Digest Index jumps 2.47 percent on ethanol surge

The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, jumped 2.47 percent to 52.26, as ethanol continued to surge following US government announcements on biofuels investment and policy. Archer Daniels Midland (ADM) gained 1.68 percent to $24.24, while Verenium (VRNM) rose 22.64 percent to $0.65 . Among small caps, Biofuel Energy (BIOF) gained 34.04 percent to $0.63. Overall, advances led declines 2 to 1 for the day.

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