The Brazilian government is reporting 78 deaths from the severe flooding in its southernmost state of Rio Grand do Sul. Water has overtaken major cities. Advance Trading Research Director Cesar Cruz estimates at least 15 percent of the soybeans will not be harvested. “Even those who can maybe harvest something, they’re going to have a quality issue,” said Cruz. “Also, logistics, there are bridges that are collapsed, roads are flooded so people can go to places such as the port.” El Nino is being blamed for the intense flooding in southern Brazil and the drought in the center part of the country.
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