Purchased last fall, opened yesterday. Stirred as usual, looked ok. Applied with foam brush on test piece of medium pored teak-like wood. Set aside at room temperature and it immediately starts to look like I coated the wood in white soap. What the hey. After a couple hours no change. Almost looks like I painted the wood with white lead.
I've used this produce before without problems, but it "might" be some kind of reaction with the wood. The wood was purchased at a farm sale in a batch of other hard woods that could have been over 30 years old. Some mahogany and what I thought was teak but I can't imagine what the heck happened.
Maybe return the can to the store and try another batch.