DES MOINES, Iowa (Agriculture.com)--A wetter, cooler Midwest weather forecast took the top off of a rally, creating only a slightly higher close CME Group corn, soybean and wheat market close Friday.

The July corn futures settled 5 cents higher at $5.91 1/2, while the Dec. contract closed 4 1/2 cents higher at $5.54 1/4. The July soybean contract finished 3 cents higher $14.41 1/2, while the Nov. 2012 contract settled 2 3/4 cents higher at $13.74. The July wheat futures closed 11 1/4 cents higher at $6.73. July soyoil futures settled $0.08 lower at $49.73. The July soymeal futures trade $2.74 lower at $422.00.  

In the outside markets, the NYMEX crude oil is $1.86 per barrel higher, the dollar is lower and the Dow Jones Industrials are 64 points higher.

Jack Scoville, PRICE Futures Group vice president, says that it looks like the weather forecasts must have changed a bit at 12-noon.

"We were up pretty strong very early today and have given a fair chunk of it back. So, looks like the chance for a shower is out there, in the next week or two," Scoville says.  

Meanwhile, a lot of 'longs' are trying to get out before the weekend, he says.  

"We had a good run higher, early this week, and now the weekend with two days to go could change everything.  

"I got orders to sell for liquidation if this puppy can rally back, and I am sure that is what others are doing too.  I don’t think it isn't really anything else. Sunday will depend on the latest forecast.  Dry and it is a moon shot but wet and the rally this week is gone," Scoville says.