That is now significant. Have not heard anything out there on planting, fertilizers, nat gas prices, etc... that would indicate anything has reversed. May be a buying opportunity. Will have to watch and see.
I just bot a little, here's a thought to bear in mind.
All commodity stocks move together. Gold and oil are the bellweathers.
Oil has peaked 2x now at near 100. At the same times, gold peaked. The most overt examp[le of this come last yr on or around Feb 28.
When one commodity peaks, they all peak. Nothing is spared.
RNF could continue down if gold and oil continue down. I think this "correction", fueled by Fed comments, is close to being played out.
But in your timing efforts, don't watch RNF, watch gold and oil. They are the gatekeepers.
this thing officially tanked....
incredible drop, no reason that I can find, the whole thing looks like a scam.
It's only back to levels of just over a month ago.
Don't you think the runup to $50 was the unwarranted part rather than the drop back down to where it was a few weeks ago?
I just sold my shares, so it will go back up now!