CF and BG both lost their fresh uptrend tags this cycle, downgrading to pullback even as CF's thesis stays rated intact and its 30-day gain holds at +16.62%. Against those two downgrades, DE extended further (RSI 63.0 to 66.3, tightening to -5.1% from its 52-week high) and NTR's repair kept accelerating. FMC's brief first-positive-month milestone from last cycle reversed back negative, still the one collapse-regime name in the book.

Data as-of the 2026-07-28 close for all 8 names — a full, fresh pull, no staleness this cycle. Prior scan: 2026-07-25-food-security (data as-of the 2026-07-24 close).

The book's broad strength from the last two cycles cooled unevenly this time. CF's regime dropped from uptrend back to pullback — its thesis stays rated intact and its 30-day gain is still a strong +16.62%, but RSI eased from 64.7 to 58.3 and its distance from the 52-week high widened slightly to -13.41%. BG saw the same downgrade, uptrend to pullback, with RSI falling from 58.5 to 49.9. Against those two, DE kept extending: RSI climbed from 63.0 to 66.3 and its distance from its 52-week high tightened to -5.1%, though its own 30-day gain decelerated to +2.37% from +4.83%. ADM cooled for a third straight cycle from its RSI 73.5 peak two cycles back, now at 55.9, though it kept its uptrend regime tag. CTVA eased slightly from its near-52-week-high extension (RSI 69.8 to 66.2) while also holding uptrend. NTR's repair kept building — RSI up to 60.7 with an accelerating +14.56% 30-day gain, thesis still rated intact. MOS continued improving on price (RSI 51.6 to 57.3) without a regime upgrade, its label still stuck on downtrend three cycles into a real recovery. FMC, the one structural laggard, gave back its first-positive-month milestone from last cycle — its 30-day reading flipped from +0.53% back to -4.54% — and remains the weakest RSI in the book at 42.9, still tagged collapse.

• CF: regime downgraded uptrend → pullback; RSI 64.7 → 58.3, thesis still rated intact; 30-day +16.62% (was +21.32%), -13.41% from high (was -10.74%).
• BG: regime downgraded uptrend → pullback; RSI 58.5 → 49.9, 7-day flipped from +2.00% to -3.44%.
• DE: RSI 63.0 → 66.3, -5.1% from high (was -9.52%) — the book's clearest extension this cycle; 30-day decelerated to +2.37% (was +4.83%).
• ADM: RSI 68.0 → 55.9, still regime uptrend; the third straight cycle of cooling from the RSI 73.5 peak two cycles ago.
• CTVA: RSI 69.8 → 66.2, still regime uptrend; -0.89% from high (was -0.68%), essentially unchanged near its peak.
• NTR: RSI 57.5 → 60.7, thesis still intact, 30-day accelerated to +14.56% (was +13.82%).
• MOS: RSI 51.6 → 57.3, 30-day decelerated to +2.85% (was +6.90%) but stayed positive; regime unchanged at downtrend for a third cycle of repair.
• FMC: 30-day flipped from +0.53% back to -4.54% — last cycle's first positive monthly print reversed; regime unchanged at collapse.

Regime labels carry more weight than a single RSI move. CF and BG's downgrades this cycle are the most structurally significant change in the book — both had just confirmed uptrend tags last cycle, and both lost them even though CF's price action (30-day +16.62%, thesis intact) doesn't look broken on its own. DE's extension and NTR's continuing acceleration are the clean strength stories this cycle. MOS's repair without a regime upgrade for a third straight cycle is a real improvement the label hasn't caught up to yet. FMC's reversal back to a negative 30-day print confirms last cycle's positive month was a pause, not a resolution.

Tier A — Strength cooling into a fresh downgrade: CF (thesis intact, still +16.62% on the month), BG. Both lost their uptrend tags this cycle.

Tier B — Confirmed uptrend/basing, extending or cooling from extension: DE (basing, extending), ADM (uptrend, cooling for a third cycle), CTVA (uptrend, easing off near-highs).

Tier C — Repair stories, continuing: NTR (thesis intact, accelerating), MOS (regime still downtrend despite a third cycle of price repair).

Tier D — Structural laggard: FMC (still collapse, first-positive-month milestone reversed).

• Tape data (price/RSI/SMA/returns): full-scan pre-computed summaries as of the 2026-07-28 close — food-security.