Newsletter November 19, 2007

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WorldCommodity FundSMUpdate

Low-cost mutual funds focused on natural resources

November 19, 2007

  • Rogers May Move Assets Out of U.S. Dollars in Weeks
  • Australia Cuts Canola Harvest Forecast a Third Time
  • Zimbabwe: Spending Z$1mn on a tin of beans
  • Worldwide Hop & Barley Shortages Pinches Brewers
  • Rogers May Move Assets Out of U.S. Dollars in Weeks

    Nov. 12 (Bloomberg) -- Investor Jim Rogers said he
    may sell all U.S. dollar-denominated assets as early
    as in the coming weeks in favor of agricultural
    commodities. He particularly favors agricultural
    commodities such as sugar and cotton, which are
    trading below their historical highs, he said.

    More on the Hong Kong dollar...

    Australia Cuts Canola Harvest Forecast a Third Time

    Nov. 13 (Bloomberg) -- Australia, the world's third-
    largest canola exporter, cut its forecast for the current
    crop by 9.2 percent, the third straight reduction, after
    recent rain failed to benefit crops in the country's east.

    Buy canola...

    Zimbabwe: Spending Z$1mn on a tin of beans

    Nov. 17 (Scotsman) The price of a tin of baked beans
    passed the $1 million mark in Zimbabwe yesterday as
    leaked figures showed annual inflation had surged to
    almost 15,000 per cent, the highest in the world. Shop
    shelves are empty of basic foodstuffs such as meat,
    margarine, sugar and cooking oil.

    Zimbabwe inflation at 14,000%...

    Worldwide Hop & Barley Shortages Pinches Brewers

    Nov. 16 (NewWest) Worldwide hop acreage dropped
    almost 50 percent in the last ten years, and barley
    production is hurting too with two straight years of
    failed crops in Europe and persistent drought in
    Australia. "The price of hops per pound quadrupled in
    the Yakima Valley this year, but Hopunion was still
    unable to keep up with the demand and recently
    brought their sales to a hault, which Woodall
    describes as "pretty insane."

    "Main thing is get what you can, when you can..."

    Have a Great Week!

    Jim Llewellyn
    WorldCommodity Funds, Inc.
    6075 Roswell Road, Suite 450
    Atlanta, GA 30328
    404-437-7420

    www.worldcommodityfunds.com

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