UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

_______________________________

Investment Company Act file number 811-21600

DWS Global Commodities Stock Fund, Inc.

(Exact name of registrant as specified in charter)

345 Park Avenue

New York, NY 10154

(Address of principal executive offices) (Zip code)

Paul Schubert

345 Park Avenue

New York, NY 10154-0004

(Name and address of agent for service)

Registrant's telephone number, including area code: (212) 454-7190

Date of fiscal year end: 06/30

Date of reporting period: 3/31/09

ITEM 1. SCHEDULE OF INVESTMENTS

Consolidated Investment Portfolio

as of March 31, 2009 (Unaudited)

DWS Global Commodities Stock Fund, Inc.

			Shares	Value ($)

	Common Stocks 80.8%
Australia 5.3%
BHP Billiton Ltd.		240,734		5,365,671
Rio Tinto Ltd.		13,994		549,081

(Cost $5,210,099)				5,914,752
Brazil 0.4%
Cosan SA Industria e Comercio* (Cost $472,632)		102,779		427,111
Canada 12.0%
Agrium, Inc.		34,266		1,241,762
Barrick Gold Corp.		75,932		2,457,793
Enbridge, Inc.		37,644		1,085,310
EnCana Corp.		67,252		2,752,382

Kinross Gold Corp.	131,248	2,384,908
Potash Corp. of Saskatchewan, Inc.	27,704	2,240,183
Suncor Energy, Inc.	60,374	1,347,497

(Cost $14,582,939)		13,509,835
France 2.8%
Lafarge SA	32,474	1,457,913
Total SA	35,168	1,744,187

(Cost $4,050,930)		3,202,100
Luxembourg 1.5%
ArcelorMittal (Cost $2,065,462)	84,324	1,706,656
Netherlands 2.6%
Royal Dutch Shell PLC "A"	77,912	1,751,899
Royal Dutch Shell PLC "B"	54,067	1,185,111

(Cost $4,623,485)		2,937,010
Spain 0.6%
Gamesa Corp. Tecnologica SA (Cost $954,599)	52,128	668,772
Sweden 1.2%
SSAB Svenskt Stal AB "A" (Cost $1,405,675)	163,471	1,388,196
Switzerland 0.8%
Transocean Ltd.* (Cost $858,762)	15,428	907,784
United Kingdom 10.3%
BG Group PLC	139,930	2,120,946
BHP Billiton PLC	187,509	3,712,506
BP PLC	611,313	4,091,205
Rio Tinto PLC	48,955	1,639,232

(Cost $12,211,202)		11,563,889
United States 43.3%
Air Products & Chemicals, Inc.	40,200	2,261,250
Apache Corp.	32,309	2,070,684
Archer-Daniels-Midland Co.	31	861
Cameron International Corp.*	62,866	1,378,651
Chevron Corp.	69,569	4,677,820
Commercial Metals Co.	35,753	412,947
Corn Products International, Inc.	45,387	962,204
Crown Holdings, Inc.*	64,988	1,477,177
ExxonMobil Corp.	137,055	9,333,445
Freeport-McMoRan Copper & Gold, Inc.	52,051	1,983,664
Marathon Oil Corp.	28,434	747,530
Martin Marietta Materials, Inc.	16,219	1,286,167
Monsanto Co.	54,935	4,565,099
National-Oilwell Varco, Inc.* (a)	38,038	1,092,071
Occidental Petroleum Corp.	37,167	2,068,344
Owens-Illinois, Inc.*	113,546	1,639,604
Pactiv Corp.*	107,985	1,575,501
Peabody Energy Corp.	32,079	803,258
Praxair, Inc.	59,335	3,992,652
Quanta Services, Inc.*	22,600	484,770
Schlumberger Ltd.	17,143	696,349
Steel Dynamics, Inc.	69,757	614,559
The Mosaic Co.	33,082	1,388,782

Ultra Petroleum Corp.*

42,258

1,516,640

United States Steel Corp.

11,419

241,283

XTO Energy, Inc.

52,021

1,592,883

(Cost $53,652,237)

48,864,195

Total Common Stocks (Cost $100,088,022)

91,090,300

Exchange-Traded Fund 1.6%

United States

SPDR Gold Trust* (Cost $906,522)

19,725

1,780,773

Exchange-Traded Note 0.5%

United States

iPath Dow Jones-AIG Livestock Total Return Sub-Index* (Cost $845,969)

19,573

604,414

Principal

Amount ($)

Value ($)

Commodities Linked/Structured Notes 4.4%

United Kingdom 1.1%

Barclays Bank PLC S&P GSCI/MDX Structured Note, 144A, 0.401%, 4/29/2010 (Cost $1,430,000) (b)

1,430,000

1,177,137

United States 3.3%

Landesbank Baden-Wurttemberg MLCX Structured Note, 144A, 0.351%, 7/24/2009 (Cost $10,000,000) (c)

10,000,000

3,748,280

Total Commodities Linked/Structured Notes (Cost $11,430,000)

4,925,417

Government & Agency Obligation 1.0%

US Treasury Obligation

US Treasury Bill, 0.15% **, 6/11/2009 (d) (Cost $1,193,647)

1,194,000

1,193,572

Shares

Value ($)

Cash Equivalents 11.9%

Cash Management QP Trust, 0.53% (e)
(Cost $13,391,119)

13,391,119

13,391,119

% of

Net Assets

Value ($)

Total Investment Portfolio (Cost $127,855,279) †

100.2

112,985,595

Other Assets and Liabilities, Net

(0.2)

(238,512)

Net Assets

100.0

112,747,083

For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.

Non-income producing security.

Annualized yield at time of purchase; not a coupon rate.

†

The cost for federal income tax purposes was $128,333,075. At March 31, 2009, net unrealized depreciation for all securities based on tax cost was $15,347,405. This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $8,362,066 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $23,709,471.

(a)

Security pledged as collateral for written option contracts.

(b)

Security is linked to the S&P Goldman Sachs Commodity Index (S&P GSCI). The index is a composite of commodity sector returns, representing unleveraged, long-only investments in commodities futures that are broadly diversified across the spectrum of commodities.

(c)

Security is linked to the Merrill Lynch Commodity Index eXtra (MLCX). The index is a composite of commodity sector returns, representing unleveraged, long-only investments in commodities futures that are broadly diversified across the spectrum of commodities.

(d)

At March 31, 2009, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures contracts.

(e)

Affiliated fund managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end.

144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

MDX: Modified Index

MLCX: Merrill Lynch Commodity Index eXtra

S&P GSCI: Standard & Poor's Goldman Sachs Commodity Index

SPDR: Standard & Poor's Depositary Receipt

At March 31, 2009, open futures contracts purchased were as follows:

Futures

Expiration
Date

Contracts

Aggregated
Face
Value ($)

Value ($)

Unrealized
Depreciation ($)

S&P Goldman Sachs Commodity Index

4/16/2009

117

10,954,616

10,515,375

(439,241)

At March 31, 2009, open written option contracts were as follows:

Written Options

Contract
Amount

Expiration
Date

Strike
Price ($)

Value ($)*

Call Options

National-Oilwell Varco, Inc. (Premiums received $112,331)

276

5/16/2009

30.0

(75,900)

Unrealized appreciation at March 31, 2009 was $36,431.

At March 31, 2009, the DWS Global Commodities Stock Fund, Inc. had the following sector diversification:

Sector	Market Value ($)	As a % of Common Stocks
Materials	45,582,586	50.0	%
Energy	42,963,996	47.2	%
Consumer Staples	1,390,176	1.5	%
Industrials	1,153,542	1.3	%
Total	91,090,300	100.0	%

Investment in Subsidiary

The Fund may seek exposure to the commodities markets by investing a portion of its assets in a wholly owned subsidiary organized under the laws of the Cayman Islands (the "Subsidiary"). Among other investments, the Subsidiary may invest in commodity-linked derivative instruments such as swaps and futures contracts. The Subsidiary may also invest in debt securities, some of which are intended to serve as margin or collateral for the Subsidiary's derivative positions. As of March 31, 2009, the Fund held $10,644,900 in the Subsidiary, representing 9.4% of the Fund's net assets. The Fund’s Investment Portfolio has been consolidated and includes the accounts of the Fund and the Subsidiary.

Fair Value Measurements

Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, “Fair Value Measurements," establishes a three-tier hierarchy for measuring fair value and requires additional disclosure about the classification of fair value measurements.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used as of March 31, 2009 in valuing the Fund's investment.

Valuation Inputs	Investments in Securities	Written Options, at Value	Other Financial Instruments††
Level 1	$ 66,094,112	$ (75,900)	$ (439,241)
Level 2	41,966,066	-	-
Level 3	4,925,417	-	-
Total	$ 112,985,595	$ (75,900)	$ (439,241)

†† Other financial instruments are derivative instruments not reflected in the Investment Portfolio, such as futures contracts, which are valued at the unrealized appreciation (depreciation) on the instrument.

The following is a reconciliation of the Fund’s Level 3 investments for which significant unobservable inputs were used in determining value at March 31, 2009:

	Investments in Securities
Balance as of June 30, 2008	$ 98,641,471
Net realized gain (loss)	(32,672,756)
Change in unrealized appreciation (depreciation)	(7,928,054)
Amortization premium/discount	-
Net purchases (sales)	(53,115,244)
Net transfers in (out) of Level 3	-
Balance as of March 31, 2009	$ 4,925,417
Net change in unrealized appreciation (depreciation) from investments still held as of March 31, 2009	$ (6,647,383)

Derivative Instruments and Hedging Activities

Financial Accounting Standards Board Statement of Financial Accounting Standards No. 161, “Disclosures about Derivative Instruments and Hedging Activities,” requires enhanced disclosure about an entity’s derivative and hedging activities.

The following is a summary of the unrealized appreciation (depreciation) of the Fund's derivative instruments categorized by risk exposure as of March 31, 2009. Please see below for information on the Fund’s policy regarding the objectives and strategies for using futures and option contracts.

Primary Underlying Risk Disclosure	Options	Futures
Interest Rate Contracts	$ -	$ -
Foreign Exchange Contracts	$ -	$ -
Credit Contracts	$ -	$ -
Equity Contracts	$ (75,900)	$ -
Commodity Contracts	$ -	$ (439,241)
Other Contracts	$ -	$ -

Futures. The Fund is subject to commodities related risk. The Fund uses futures contracts to gain exposure to the commodities market. Upon entering into a futures contract, the Fund is required to deposit with a financial intermediary an initial margin equal to a certain percentage of the face value indicated in the futures contract. Subsequent payments (“variation margin”) are made or received by the fund dependent upon the daily fluctuations in the value of the underlying security. Since all futures contracts are exchange traded, counterparty risk is minimized as the exchange's clearinghouse acts as the counterparty, and guarantees the futures against default.

Options. The Fund is subject to equity risk. The Fund may enter into option contracts in order to hedge against potential adverse price movements in the value of portfolio assets; as a temporary substitute for selling selected investments; to lock in the purchase price of a security or currency which it expects to purchase in the near future; as a temporary substitute for purchasing selected investments; and to enhance potential gain. If the Fund writes a covered call option, the Fund foregoes, in exchange for the premium, the opportunity to profit during the option period from an increase in the market value of the underlying security above the exercise price. If the Fund writes a put option it accepts the risk of a decline in the market value of the underlying security below the exercise price. Over-the-counter options have the risk of the potential inability of counterparties to meet the terms of their contracts. For exchange traded contracts the counterparty risk is minimized as the exchange's clearinghouse acts as the counterparty, and guarantees the futures against default. The Fund's maximum exposure to purchased options is limited to the premium initially paid.

ITEM 2.	CONTROLS AND PROCEDURES

	(a) The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.

	(b) There have been no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting.

ITEM 3.	EXHIBITS

	Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant:

DWS Global Commodities Stock Fund, Inc.

By:	/s/Michael G. Clark

Michael G. Clark

President

Date:

May 20, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Registrant:

DWS Global Commodities Stock Fund, Inc.

By:	/s/Michael G. Clark

Michael G. Clark

President

Date:

May 20, 2009

By:	/s/Paul Schubert

Paul Schubert

Chief Financial Officer and Treasurer

Date: May 20, 2009