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Found these on two adjacent trees. It rained earlier that day, so I think the watery substance is raindrops stuck to the surface of the fungus. But maybe they are secretions?
Putkov Alexander, thanks for the ID. I read that Weeping conk always appear at the base of the tree. In this case, all the fungi was more at eye-level. None at the base. It also appeared to have a smooth surface, aside from the visible secretions. Could this still be it?
Interesting. Unfortunately, I don't know what kind of trees they were. I cannot even remember if the trees were alive. At least one was dead and was essentially a stump taller than me. But I think they both might have been dead, actually.
I agree they are coming from the fungus, this process is called guttation, you can read about it here, http://www.fungimag.com/fall-2010-articl...
Do you know what kind of trees you found these on?
Cool! I spotted something very similar this summer, but have yet to post. I think those drops are secretions of the fungus.