Ukraine's agriculture minister said Kyiv hopes to export 600,000 tonnes of grain per month via Poland, 1.5 million tonnes via Romania and about 400,000 tonnes via other routes.

Federal Reserve minutes show Chair Kevin Warsh proposed reducing the Federal Open Market Committee's annual policy meetings from eight to six. Warsh said six meetings — roughly once every two months — would allow more information to accumulate between meetings and give policymakers and Fed staff more time for strategic research and consideration of monetary policy. He solicited committee views; the minutes state the meeting schedule will not change this year. The minutes note that fewer policy meetings would represent a significant change to how the Fed operates.

WTI crude oil futures rose 3.00% intraday to $86.94 per barrel.