At the open, China’s most-active futures contracts were mixed: coking coal rose over 3%, coke and rapeseed oil gained more than 2%, asphalt and methanol were up about 1%. On the downside, palladium fell over 3%; platinum, SHFE silver and SHFE nickel declined more than 2%; stainless steel (SS) and lithium carbonate dropped nearly 2%.

Persistent rain is delaying Russia's spring wheat sowing and could reduce harvests. Agriculture ministry estimates obtained via two local traders show about 7.1 mln ha sown as of May 26, down 12% YoY. The Russian Federal Service for Hydrometeorology and Environmental Monitoring says rainfall in key spring-crop areas, including the Volga region and Siberia, has been 60–118% above seasonal normals, leaving soils too wet for fieldwork and sowing.

Reserve Bank of Australia Governor Bullock said the budget's impact may not be materially different from the bank's expectations.