The fungus in this picture is about 1/2 to 3/4 inch in diameter and 5 inches in length. When first spotted (about 4 hours before photo) it was erect and the red tip was very bright. It is growing in a flower bed with cedar mulch. The mulch is there from last year and the newest plants are 1 1/2 months old. We had 1 1/2 inches of rain yesterday. Please help if you can identify this fungus.