January 12th, 2023, the winter wheat seedings and grain stocks report was released. The market was anticipating a bump in US seeded acres. The report showed an 11% increase in U.S winter wheat acres over last year. 37 million acres (14.9 million hectares) are reported in the ground for 2023 crop versus 33.2 million acres (13.4 million hectares) in 2022.