Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

For first time in 35 years, soy tops corn - U.S. farmers planted more soybean acres than corn for the first time in 35 years even as domestic soy supplies reached the biggest on record for early June, the U.S. Agriculture Department said on Friday.

Growers were banking on soybeans being more profitable, but a brewing trade war with China has driven prices sharply lower since planting season ended.

USDA said in its acreage report that farmers planted 89.5 million acres of soybeans and 89.1 million acres of corn. That compares to soybean acreage of 90.1 million and corn acreage of 90.1 million in 2017.

St. Louis firm invests in pizza that is 'better for you' - Clayton-based Advantage Capital Agribusiness Partners has invested $8 million in a New Hampshire company that makes a "better-for-you" pizza crusts, sauces and pizza kits.

Rustic Crust, which has about 150 employees, makes all-natural and organic products. It also manufactures a line of frozen pizzas under the brand American Flatbread.

Advantage Capital Agribusiness Partners is a $154.5 million fund formed in 2014 that is licensed as a Rural Business Investment Company by the U.S. Department of Agriculture. The fund focuses on businesses involved in the production, processing and supply of food and agricultural products.

JCPenney, Kohls begin hiring for back-to-school season - JCPenney said Friday it plans to hire 175 seasonal associates in the St. Louis area as it heads into the busy back-to-school period.

Available customer service and support positions include cashier, replenishment specialist and beauty consultant.

Those interested in the positions can apply in-store using an applicant kiosk, or online by visiting jcpcareers.com.

Other retailers are also hiring seasonal employees. Kohl's is beginning to hire seasonal associates, including four stores in the St. Louis area. Positions can be found at Careers.Kohls.com.

Brunswick adds 11 marine, mobile brands - Boatmaker Brunswick said on Friday it would buy the global marine and mobile business of Power Products for $910 million in cash, adding 11 brands, including wire and cable supplier Ancor and ProMariner battery chargers for boats. …

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