SECURITIES AND EXCHANGE COMMISSION
             WASHINGTON, D.C. 20549
                      FORM 10-QSB

[x]     Quarterly Report Pursuant to Section 13 or 15(d) Securities
Exchange Act of 1934 for Quarterly Period Ended September 30, 2006

-OR-

[ ]     Transition Report Pursuant to Section 13 or 15(d) of the
Securities And Exchange Act of 1934 for the transaction period from
_________  to________

Commission File Number             333-1311294


Cross Atlantic Commodities, Inc.
--------------------------------------------
(Exact name of registrant as specified in its charter)


   Nevada                                          76-0768756
--------------------------------------------------------------------
(State or other jurisdiction    (I.R.S. Employer Identification Number)
of incorporation or organization

1282 Camellia Circle, Weston, Florida 33326
--------------------------------------------
(Address of principal executive offices, Zip Code)

754-245-6453
------------------------------------------
(Registrant's telephone number, including area code)


Check whether the registrant (1) filed all reports required to be filed
by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

Yes  [ X ]  No [   ]

Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).   Yes [   ]  No  [ x ]

The number of outstanding shares of the registrant's common stock,
September 30, 2006:  Common Stock  -  20,549,200






<PAGE>2


 PART I -- FINANCIAL INFORMATION

Cross Atlantic Commodities, Inc.

Item 1. Financial Statements

Balance Sheet, September 30, 2006(unaudited)
Statements of Operations for the three months and nine months ended
September 30, 2006 and 2005 (unaudited)
Statements of Cash Flows for the nine months ended September 30, 2006
and 2005 (unaudited)
Notes to financial statements




<PAGE>3
                    Cross Atlantic Commodities, Inc.
                (Formerly Business Advantage No.17, Inc.)
                     (A Development Stage Company)
                        Condensed Balance Sheet
                           September 30, 2006
                               (Unaudited)

                                 ASSETS

Current Assets:
  Cash                                                     $   68,285
  Cash - restricted                                            49,800
                                                           ----------
    Total current assets                                   $  118,085
                                                           ==========


                LIABILITIES AND STOCKHOLDERS' (DEFICIT)

Current Liabilities:
  Accounts payable and accrued expenses                    $    3,725
  Loans payable - stockholders                                162,158
                                                           ----------
    Total current liabilities                                 165,883
                                                           ----------

Stockholders' (deficit):
  Common stock, $0.001 par value; 25,000,000 shares
   authorized, 20,549,200 shares issued and outstanding        20,549
  Additional paid in capital                                  427,191
  (Deficit) accumulated during development stage             (495,538)
                                                           ----------
                                                              (47,798)
                                                           ----------
                                                           $  118,085
                                                           ==========





See accompanying notes to unaudited condensed financial statements.




<PAGE>4

                    Cross Atlantic Commodities, Inc.
                (Formerly Business Advantage No.17, Inc.)
                     (A Development Stage Company)
                   Condensed Statements of Operations
  For the Nine Months Ended September 30, 2006 and 2005, and for the
     Period From March 12, 1998 (Inception) to September 30, 2006
                               (Unaudited)
<TABLE>
<CAPTION>
                          From March
                           12, 1998           For the                   For The
                         Inception to    Three Months Ended        Nine Months Ended
                           Sept 30,        September 30,             September 30,
                             2006        2006         2005         2006         2005
                          ----------   ----------   ----------   ----------   ----------

                       <c>            <c>          <c>            <c>            <c>
Revenue                 $  571,604   $        -   $    2,500   $  342,485  $   41,945
Cost of goods sold         561,050            -        2,500      351,160      41,432
                        ----------   ----------   ----------   ----------  ----------
Gross income (loss)         10,554            -            -       (8,675)        513
                        ----------   ----------   ----------   ----------  ----------

Expenses:
General and
 administrative expenses   487,530       33,211      288,225      109,891     322,044
Purchased research
 and development             8,950            -            -            -           -
                        ----------   ----------   ----------   ----------  ----------
                           496,480       33,211      288,225      109,891     322,044
                        ----------   ----------   ----------   ----------  ----------

Net (loss) before other
 income and expenses      (485,926)     (33,211)    (288,225)    (118,566)  (321,531)
                        ----------   ----------   ----------   ----------  ----------

Other income and expenses
  Interest expense          (9,612)           -            -            -           -
                        ----------   ----------   ----------   ----------  ----------
                            (9,612)           -            -            -           -
                        ----------   ----------   ----------   ----------  ----------
Net (loss)              $ (495,538)  $  (33,211)  $ (288,225)  $ (118,566) $ (321,531)
                        ==========   ==========   ==========   ==========  ==========

(Loss) per common share ?
  Basic and diluted                  $    (0.00)  $    (0.01)  $    (0.01) $    (0.02)
                                     ==========   ==========   ==========  ==========
Weighted average number of shares
  outstanding - Basic and
  fully diluted                      20,549,200   20,549,200   20,549,200  20,433,396
                                     ==========   ==========   ==========  ==========
</TABLE>


See accompanying notes to unaudited condensed financial statements.

<PAGE>5

                    Cross Atlantic Commodities, Inc.
                (Formerly Business Advantage No.17, Inc.)
                     (A Development Stage Company)
                   Condensed Statements of Cash Flows
  For the Nine Months Ended September 30, 2006 and 2005, and for the
     Period From March 12, 1998 (Inception) to September 30, 2006
<TABLE>
<CAPTION>
                                              From March
                                               12, 1998
                                             Inception to
                                               Sept 30,
                                                 2006         2006         2005
                                              ----------   ----------   ----------

                                           <c>          <c>          <c>

Cash flows from operating activities:
Net cash (used by) operating activities       $ (166,173)  $  (84,527)  $  (38,986)
                                              ----------   ----------   ----------

Cash flows from investing activities:
Restricted cash                                  (49,800)         350            -
                                              ----------   ----------   ----------
Net cash provided by (used in)
 investing activities                            (49,800)         350            -
                                              ----------   ----------   ----------

Cash flows from financing activities:
  Proceeds from issuance of common stock         122,100            -      122,100
  Increase in shareholder loan                   162,158       38,123      109,445
                                              ----------   ----------   ----------
Net cash provided by financing activities        284,258       38,123      231,545
                                              ----------   ----------   ----------

Net increase (decrease) in cash                   68,285      (46,054)     192,559
Cash - beginning                                       -      114,339           95
                                              ----------   ----------   ----------
Cash - ending                                 $   68,285   $   68,285   $  192,654
                                              ==========   ==========   ==========

Supplemental cash flow information:
  Cash paid during the period for:
    Interest                                  $        -   $        -   $        -
                                              ==========   ==========   ==========
    Income taxes                              $        -   $        -   $        -
                                              ==========   ==========   ==========
</TABLE>





See accompanying notes to unaudited condensed financial statements.

<PAGE>6


                    CROSS ATLANTIC COMMODITIES, INC.
               (Formerly Business Advantage No. 17, Inc.)
                     (A Development Stage Company)
           NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
                           SEPTEMBER 30, 2006


(1)  Basis Of Presentation

The accompanying unaudited financial statements have been prepared in
accordance with generally accepted accounting principles (GAAP) for
interim financial information and Item 310(b) of Regulation S-B.  They
do not include all of the information and footnotes required by GAAP
for complete financial statements.  In the opinion of management, all
adjustments (consisting only of normal recurring adjustments)
considered necessary for a fair presentation have been included.

The results of operations for the periods presented are not necessarily
indicative of the results to be expected for the full year.  For
further information, refer to the financial statements of the Company
as of December 31, 2005, and for the years ended December 31, 2005 and
2004, and the period from inception (March 12, 1998) to December 31,
2005.


(2)  Earnings Per Share

The Company calculates net income (loss) per share as required by
Statement of Financial Accounting Standards (SFAS) 128, "Earnings per
Share."  Basic earnings (loss) per share is calculated by dividing net
income (loss) by the weighted average number of common shares
outstanding for the period.  Diluted earnings (loss) per share is
calculated by dividing net income (loss) by the weighted average number
of common shares and dilutive common stock equivalents outstanding.
During periods when anti-dilutive commons stock equivalents are not
considered in the computation.


(3)  Inventory

Inventory is stated at the lower of cost, determined on a first in,
first out basis, or market value.  Inventory consists principally of
finished goods and packaging materials.


(4)  Loans Payable ? Related Parties

During the nine months ended September 30, 2006 advances aggregating
$38,123 were made by the officers of the Company for working capital
purposes.  The advances are due on demand and accrue interest at 5 per
annum.




<PAGE>7

(5)  Stockholders? (Deficit)

During the nine months ended September 30, 2006, the officers of the
Company contributed services with a fair market value of $45,000 to the
capital of the Company which has been charged to operations during the
period.


(6)  Commitments, Concentrations and Contingencies

During the period ended September 30, 2006, the Company derived 100
percent of its revenue from a single customer.

During the periods covered by these financial statements the Company
issued shares of common stock without registration under the Securities
Act of 1933.  Although the Company believes that the sales did not
involve a public offering of its securities and that the Company did
comply with the ?safe harbor? exemptions from registration, if such
exemptions were found not to apply, this could have a material impact
on the Company?s financial position and results of operations.


(7)  Basis of Reporting

The Company?s financial statements are presented on a going concern
basis, which contemplates the realization of assets and satisfaction of
liabilities in the normal course of business.  The Company has
experienced a significant loss from operations from inception
aggregating $495,538.  In addition, the Company has no significant
revenue generating operations.

The Company?s ability to continue as a going concern is contingent upon
its ability to secure additional financing, increase ownership equity
and attain profitable operations.  In addition, the Company?s ability
to continue as a going concern must be considered in light of the
problems, expenses and complications frequently encountered in
established markets and the competitive environment in which the
Company operates.

The Company is pursuing financing for its operations and seeking
additional investments.  In addition, the Company is seeking to expand
its revenue base by adding new customers and increasing its
advertising.  Failure to secure such financing or to raise additional
equity capital and to expand its revenue base may result in the Company
depleting its available funds and not being able pay its obligations.

The financial statements do not include any adjustments to reflect the
possible future effects on the recoverability and classification of
assets or the amounts and classification of liabilities that may result
from the possible inability of the Company to continue as a going
concern.



<PAGE>8

(8)  Subsequent Events

During October 2006, the Company authorized the issuance of 250,000
shares of common stock for services rendered.

During November 2006, the Company filed a Form S-8 Registration
registering 3,500,000 shares of common stock to be issued pursuant to a
stock option plan.



<PAGE>9

ITEM 6.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS.

Trends and Uncertainties.  We are a development stage company.  Our
auditors have raised substantial doubt as to our ability to continue as
a going concern.  We have experienced a significant loss from
operations from inception aggregating $(495,538) and have negative
working capital and a stockholders? deficit of $(47,798) at September
30, 2006.  In addition, we have no significant revenue generating
operations.

Our ability to continue as a going concern is contingent upon our
ability to secure additional financing, increase ownership equity and
attain profitable operations.  In addition, our ability to continue as
a going concern must be considered in light of the problems, expenses
and complications frequently encountered in established markets and the
competitive environment in which we operate.

We are pursuing financing for our operations and seeking additional
investments and we will need a minimum of $200,000 over the next twelve
months to continue operations.  In addition, we are seeking to expand
our revenue base by adding new customers and increasing our
advertising.  Failure to secure such financing or to raise additional
equity capital and to expand its revenue base may result in Cross
Atlantic depleting our available funds and not being able pay our
obligations.

There are several known trends that are reasonably likely to have a
material effect on our net sales or revenues alongside our income from
continuing operations and profitability.

Coffee at September 30, 2006 and in other different periods of time is
relatively more expensive at origin due to a difficult supply and
demand situation.  It is likely that we will be forced to pay a higher
price for coffee in order to obtain the volumes described in our
contract.  It is likely that we will be able to collect a higher price
from our customers in such periods, however if we are not able to
collect a higher price we may be forced to turn down coffee deliveries
which will negatively effect our revenues or accept to make a smaller
profit which may effect our profitability.

Coffee is highly dependant on the right weather conditions.  It is
likely that we experience lower volumes throughout our 10-year contract
due to unfavorable weather conditions.

The price of oil may lead to a higher freight cost for both inland
trucking and shipping by vessel.  It is likely that our cost of freight
may go down or go up according to the world price of oil.  We will try
to forward a higher transportation cost to our buyers, however if we
are not successful in doing so a higher or lower cost of transporting
goods to the final destination will affect our profitability.

We expect our profits will be generated by selling our coffee at cost,
insurance and freight plus 10 cents per pound.

<PAGE>10

Our profits could be negatively affected if any of the following occur:

   -   If we are not able to find a private buyer or we need to sell
our coffees on the Coffee, Sugar, Cocoa Exchange, we will make less
profit or we might not be able to bring in a profit at all.
   -   If Victoria Coffees are no longer capable or willing to supply
us, weather financially able or psychically able.
   -   If the price of transportation goes up
   -   If there is an embargo on Uganda or Kenya
   -   If there is civil insurrection
   -   If one of our competitors are able to buy up all the coffee from
farmers
   -   If production in other countries exceed the world market demand
prices may go down without our ability to get cheaper products.
   -   If there is a war or force majure situation

Capital and Source of Liquidity.

For the nine months ended September 30, 2006, Cross Atlantic had a
decrease in restricted cash of $350 resulting in net cash provided by
investing activities of $350.

For the nine months ended September 30, 2005, Cross Atlantic did not
pursue any investing activities.

For the nine months ended September 30, 2006, Cross Atlantic had an
increase in cash of $38,123 obtained through shareholders loans.  As a
result, Cross Atlantic had net cash provided by financing activities of
$38,123 for the nine months ended September 30, 2006.

Comparatively, for the nine months ended September 30, 2005, Cross
Atlantic had an increase in cash of $109,445 obtained through
shareholder loans and received proceeds from the issuance of common
stock of $122,100 resulting in net cash provided by financing
activities of $231,545.

Our internal and external sources of liquidity have included the
issuance of common shares for goods and services and cash generated
from proceeds raised from stock purchases and advances from related
parties.  During the period ended September 30, 2006, Michael
Enemearke, an officer and director, contributed services with a fair
market value of $45,000 to the capital of Cross Atlantic.

We will rely on revenues, additional issuances of common shares for
services and advances from our officers and directors to fund our
current operations until successful completion of this offering.

On March 22, 2006, we terminated our public offering without selling
any securities.  It will take considerably longer to successfully
establish a market for our coffee, delay our ability to establish a
market, or we may not be successful at all.



<PAGE>11

Results of Operations

Prior to the change of control in October 2004, Cross Atlantic was a
blank check company with no operations.  From October 2004 through
September 30, 2006, new management has been seeking financing and
developing strategic alliances with coffee brokers, suppliers, etc.
The coffee purchase made during this period was a test leading up to
the point of our first contract shipment with Victoria Coffees in
October 2005.

For the three months ended September 30, 2006, we did not receive any
revenues.  Comparatively, we received revenue of $2,500 for the three
months ended September 30, 2005 with a cost of goods sold of $2,500
resulting in gross income of $0.

For the three months ended September 30, 2006, we had general and
administrative expenses of $33,211 which consisted of basic operating
expenses spent to set up business operations and conduct our public
offering.  Comparatively, for the three months ended September 30,
2005, Cross Atlantic incurred general and administrative expenses of
$288,225.  The substantial decrease in expenses over the prior year was
due to the issuance of common shares to Victoria Coffees in 2005.

For the nine months ended September 30, 2006, we had revenues of
$342,485 with a cost of goods sold of $351,160 resulting in gross loss
of $(8,675).  Comparatively, we received revenue of $41,945 for the
nine months ended September 30, 2005 with a cost of goods sold of
$41,432 resulting in gross income of $513.

For the nine months ended September 30, 2006, we had general and
administrative expenses of $109,891 which consisted of basic operating
expenses spent to set up business operations and conduct our public
offering.  Comparatively, for the nine months ended September 30, 2005,
Cross Atlantic incurred general and administrative expenses of
$322,044.  The substantial decrease in expenses over the prior year was
due to the issuance of common shares to Victoria Coffees in 2005.

Plan of Operation.  Cross Atlantic has experienced a loss from
operations during its development stage as a result of its investment
necessary to achieve its operating plan, which is long-range in nature.

We only have sufficient cash on hand to meet funding requirements for
the next three to six months.  We do not have sufficient cash on hand
to meet funding requirements for the next twelve months.  Although we
eventually intend to primarily fund general operations with revenues
received from the sale of coffee, our revenues are not increasing at a
rate sufficient to cover our monthly expenses in the near future.  Our
recent offering was not successful and we will have to seek alternative
funding through additional advances, debt or equity financing in the
next twelve months that could result in increased dilution to the
shareholders.  No specific terms of possible equity or debt financing
have been determined or pursued.



<PAGE>12

Cross Atlantic expects to generate further revenues by purchasing green
coffee from our supplier Victoria Coffees in volumes described in the
supply agreement signed August 9 of 2005.  Cross Atlantic has agreed to
purchase green coffee and Victoria Coffees has agreed to sell to Cross
Atlantic green coffee at a discounted differential to the price of
coffee daily listed on the Coffee, Sugar, and Cocoa Exchange in New
York.

During the nine months ended September 30, 2006, Cross Atlantic derived
100% of its revenue from one customer.  Cross Atlantic has entered into
agreements to purchase approximately 300,000 pounds of coffee for
approximately $300,000.  Approximately 310,860 pounds costing $304,697
was delivered in April 2006 and May 2006 and no balance is left.

Once Victoria Coffees has procured a container of coffee and made it
ready for export, Cross Atlantic and VC will agree on a set date or
time to hedge/fix the price by Cross Atlantic acquiring a futures
contract.

The price of coffee on the Coffee, Sugar, and Cocoa Exchange at the
time of the hedge becomes the purchase/selling price between Cross
Atlantic and VC.

The price is by agreement discounted at a fixed differential that can
vary from product to product.  For washed Uganda arabica green coffee
the differential is by contract set to be 14 United States cents per
LBS.

Once the coffee has been purchased and the price hedge is in place,
Cross Atlantic can make use of the futures contract and make delivery
to the Coffee, Sugar, and Cocoa Exchange.  Cross Atlantic will upon a
successful hedge policy have a gross profit of 14 cent per lbs.  We
estimate the cost of delivery from Uganda to an Exchange warehouse to
be 10 cent with a net profit of 4 cent per lbs.

It is the specific strategy of Cross Atlantic to sell all of our
purchased coffee to a private industry buyer.  We expect to be able to
sell our coffee at a differential to the New York coffee contract price
of minus 3 cent to plus 3 cent at the port of Mombassa, Kenya.  This
will give us a gross profit of 11 to 17 cent per lbs, but with a
delivery cost of only 3 cent, giving us a net profit of 8 to 14 cent
per pound of coffee.

We will initially only make deliveries to the Coffee, Sugar, Cocoa
Exchange.


Item 3. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management, under the supervision and with the participation of our
chief executive officer, conducted an evaluation of our "disclosure
controls and procedures" (as defined in Securities Exchange Act of 1934

<PAGE>13

(the "Exchange Act") Rules 13a-14(c)).  Based on his evaluation, our
chief executive officer and chief financial officer have concluded that
as of the Evaluation Date, our disclosure controls and procedures are
effective to ensure that all material information required to be filed
in this quarterly report on Form 10QSB has been made known to him in a
timely fashion.

Changes in Internal Controls

There have been no significant changes (including corrective actions
with regard to significant deficiencies or material weaknesses) in our
internal controls or in other factors that could significantly affect
these controls subsequent to the Evaluation Date set forth above.





<PAGE>14

PART II - OTHER INFORMATION

Item 1. Legal Proceedings. not applicable.

Item 2. Changes in Securities and Use of Proceeds.
        not applicable

Item 3. Defaults Upon Senior Securities.
        not applicable.

Item 4. Submission of Matters to a Vote of Security Holders.
         not applicable.

Item 5. Other Information. not applicable.

Item 6. Exhibits and Reports on Form 8-K.

(a)   Reports on Form 8-K.   none
(b)   Exhibits.    none


                  SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf
by the undersigned thereunto duly authorized.

Dated:  November 18, 2006

Cross Atlantic Commodities, Inc.

By  /s/Michael Enemaerke
    ------------------------
    Michael Enemaerke
    President and Director