Bunge crossed below its 200-day average this scan, the closest call the desk flagged last time now resolved the wrong way. FMC fell another 6.34% today, deepening a decline that already had no confirmed cause, and CF Industries dropped into oversold territory alongside it as its RSI fell 7.7 points. Deere is the exception, extending further into overbought territory at RSI 67.9 while the rest of the book cools. The month-versus-week divide that defined the last two scans has narrowed: six of ten names lost RSI ground since the last scan, a more mixed picture than the clean sweeps either direction that preceded it.

Numbers are the settled September 23 close for all 10 names, three trading sessions after the September 18 scan. No market-wide brief for today's session exists in the corpus as of this scan. Comparison baseline is the September 18 scan.

Bunge is the structural change this scan. Last scan it sat 0.2% above its $115.36 200-day average — "the closest call in the book," as flagged then — and this scan it closed 3.6% below the line at $111.48, with its 200-day average itself edging up slightly to $115.60. That resolves last scan's open question the wrong way: Bunge has now joined FMC and Mosaic among the food-security names trading below their long-term average, even though its trailing-year alpha remains positive at +26.31.

FMC's deterioration continued without a break. It fell 6.34% today on top of an already-battered chart, taking the trailing week to -8.33% and the trailing year to -71.43%, with alpha at -87.2 — both worse than the -72.88% and -87.90 recorded two scans ago. Its news pull remains three weeks stale (newest item August 21), so no cause has ever been established for this name's slide.

CF Industries dropped into oversold territory this scan, its RSI falling 7.7 points to 39.9 on a week down 8.6%. It remains above its 200-day by 8.5% with alpha of +22.67, so the label stays deep pullback rather than breakdown — the same shape the desk flagged for it last scan, now at a lower RSI. Its news pull is more than six weeks stale (newest item August 5), so nothing on file explains the decline.

Deere is the one name still working cleanly. Its RSI climbed to 67.9 from 60.6, extending into more overbought territory on top of a 30-day gain of 9.38% and a trailing year of +50.42%. It remains the only uptrend-labeled name in the book and is now the more extended one to watch rather than the one to chase.

• DE: RSI 60.6 → 67.9 (+7.3), the largest gain, extending an already-strong chart.
• DBA: RSI 41.4 → 49.1 (+7.7); CTVA 42.0 → 43.2 (+1.2); FMC 37.2 → 37.6 (+0.4) — a marginal gain despite the continued price decline; MOS 50.2 → 49.4 (-0.8).
• ADM: RSI 54.1 → 45.5 (-8.6), the largest decline; CF: RSI 47.6 → 39.9 (-7.7), crossing into the oversold tier; NTR 54.7 → 49.0 (-5.7); BG 46.2 → 41.4 (-4.8); MOO 46.5 → 45.4 (-1.1).
• BG: 200-day position flipped from +0.2% to -3.6% — a genuine cross below, resolving last scan's flagged near-miss.
• MOS: remains fractionally below its 200-day at -0.8%, essentially unchanged from last scan's -0.4% miss; still has not reclaimed the line.
• The below-200-day group grew to three names (FMC, MOS, BG), from two (FMC, MOS) last scan; CF, ADM, NTR, DBA, MOO, and DE all remain above their 200-day.
• The negative-alpha group held at the same names as last scan: MOS (-44.03), FMC (-87.2), DBA (-9.28), CTVA (-0.03), MOO (-0.91) — all roughly unchanged in magnitude.

The clean sweeps that defined the last two scans — all ten down, or eight of ten cooling — gave way to a genuinely mixed picture this scan, and the mix matters more than the direction. Bunge's cross below its 200-day is the one name whose horizon status actually changed for the worse; Deere's further extension is the one that changed for the better. The other eight are largely holding their prior positions with smaller moves inside them.

FMC remains the book's one name broken on every window, and it is getting worse rather than stabilizing — this is now three consecutive scans of deterioration with no cause ever confirmed. CF's new entry into the oversold tier is different in kind: it sits above its 200-day with positive alpha, so a falling RSI there reads as a violent pullback inside an intact trend, the same distinction the desk has made for Corning and Ciena in other books.

Mosaic's three-way disagreement from last scan has narrowed but not resolved: its 30-day gain cooled sharply to +1.54% from +10.12%, it remains negative on the trailing year at -44.03 alpha, and it is still fractionally below its 200-day. The month's cushion that made this a genuine disagreement last scan is largely gone now — the reading is closer to a straightforward negative one.

Capitulation (RSI below 25): none.

Oversold (RSI 25-40) — 2 names: FMC (37.6, broken on every window), CF (39.9, deep pullback in an intact trend — above its 200-day with positive alpha).

Neutral to strong (RSI 40+) — 8 names: DE (67.9), MOS (49.4), DBA (49.1), NTR (49.0), ADM (45.5), MOO (45.4), CTVA (43.2), BG (41.4).

• Does Bunge reclaim its 200-day, or is this the start of a genuine trend break?
• Does Mosaic ever close the gap to its 200-day, or does the negative alpha turn out to be the more durable number?
• What has driven FMC's three-scan deterioration, with every news pull on file predating the decline?

• Tape data (price, RSI, moving averages, returns, trailing-year, alpha, 200-day position): pre-computed summaries as of the 2026-09-23 close — food-security.
• CF Industries news receipt (stale, newest article 2026-08-05): latest.
• Bunge news receipt (stale, last completed pull 2026-07-07): latest.
• ADM news receipt (stale, last completed pull 2026-08-04): latest.
• FMC news receipt (stale, newest article 2026-08-21): latest.
• Prior scan for comparison: 2026-09-18-food-security.