GBP/USD falls after core PPI jumps to 3.6%, supporting a less dovish Federal Reserve outlook.

The view is and has been disinflation first, then a return of the inflationary macro.

Cotton and coffee prices fell on weak export demand and favorable weather, while cocoa faces pressure from shrinking global consumption.

The massive cash generation, combined with projected revenue growth, suggests the stock is significantly undervalued at current levels.