I'm going to try this one more time. was posted here by elahans that basis was currently $1.20 and also mentioning some higher numbers - i replied to that asking where that number comes from but I posted link that seems to cause yahoo to remove the post. nevertheless what I said is that Ive been watching basis via USDA CA weekly grain report in the market news reports on their site.
Latest report shows rail to LA at $1.98/cwt x 1/100lbs x 46lbs/bushel = 91c per bushel
By truck to Stockton is less than that via same Sept 11 report.