Going into the soybean harvest, everything looked rosy in Mato Grosso, Brazil's No. 1 soy-producing state.
Dark-green-leaved plants stood heavy with soybeans across the state following another year of ample tropical rains. Record yields were anticipated.
But then the rain just didn't stop.
Deluges over the last six weeks left some fields under water, causing some crops to be abandoned, and others far too wet to allow combines to harvest.
As a result, there have been reports of beans sprouting on the plant and burned soybeans, as well as high moisture levels on delivered beans.
"We were looking at a ...