Raw sugar futures on ICE inched lower for the second straight day on Wednesday as the cane crush in top grower Brazil gathered pace, while arabica coffee edged up toward its 100-day moving average in choppy dealings. Cocoa futures on ICE and Liffe were weak with both markets hovering above their 200-day moving averages.

July raw sugar futures closed down 0.17 cent, or 1 percent, at 17.47 cents a lb, with rising production in Brazil helping to keep the market on the defensive. "Favourable weather has allowed Brazil's centre-south crush to gather pace over the past fortnight, which in turn is providing an overwhelming bearish headwind for prices," analyst Luke Mathews of Commonwealth Bank of Australia said in a market note.