Oil World's July report forecasts a significant increase in global oilseed production for the 2022/23 marketing year, with an expected rise of 31.5 million tons per year to a total of 607.8 million tons, assuming favorable weather conditions in key producing countries and yield recovery in Canada, Brazil, Paraguay, and the USA. This increase is also driven by a expansion of sown areas to 298.8 million hectares, up by 3.2 million hectares. The soybean production forecast is adjusted to 383.3 million tons, a slight reduction from previous estimates, with the United States seeing a reduced forecast to 122.5 million tons. Brazil's soybean production is expected to rise to 144 million tons, while Argentina's production is predicted to increase to 45.5 million tons. The report also notes a slight reduction in the forecast for global ending stocks of soybeans to 96.4 million tons. Additionally, the forecasts for world sunflower and cotton production have been raised, while that for rapeseed has been slightly reduced.