Albury's three-month rainfall total of 204.9mm led the way compared to other major centres north and south of the Murray River and was up 50mm on last year's figure.

The March total of 86.9mm was more than double the monthly average of 40mm and a similar scenario unfolded in April with the 72.6mm received easily eclipsing the 41.8mm average.

The May total of 45.4mm was slightly below the monthly average of 50.9mm, but all indications are pointing to a strong season for croppers with sowing in most parts completed in the last fortnight.

Timing of autumn rainfall at the end of April and reasonable follow-up falls have led to a buoyant mood on the land.

Some analysts are predicting canola prices could reach record levels this year due to good autumn rains.

Industry body Meat & Livestock Australia is also predicting a continuation of strong prices for cattle and sheep.

In the most recent updates, the cattle market has bounced back from a dip at the end of last year.

“The 2017 cattle prices will probably end up averaging very similar to the record levels of 2016 before trending downwards in 2018 and 2019,” the update said.

It's a similar story with sheep.

“Australian sheep and lamb prices in 2017 are each likely to average alongside, or even exceed, previous records,” the update said.

“Producers should be cautiously optimistic about prices beyond 2017, based on continuing demand growth, limited export competition and only an expected modest rebuild of sheep flocks.

“But some price falls from recent records can be anticipated eventually.”

The region's two biggest water storages, Lake Hume and Dartmouth Dam are presently at 65 and 78 per cent capacity.

At the same stage last year, Lake Hume was only 24 per cent full.

The only potential downer is the Bureau of Meteorology predicting below average rainfall in southern parts of Australia this winter due to warmer than average sea surface temperatures.

Other major centre autumn rainfall amounts were Wangaratta (133.4mm), Benalla (133.6mm), Yarrawonga (112.6mm), Corowa (135.1) and Wagga (97.4mm).