Hi there, I'm new to the forums and I apologize for coming right out of the gate with a question, but this has got me a little concerned.
Late last week I noticed the end of a tree in my backyard (which was cut at least two years ago, before I moved in) has started to grow (or seep?) this material.
Any clues? Is it a fungus? Should I be worried? It's been raining a lot and I live in the Twin Cities of Minnesota.
Thanks ahead for any advice!