Trouble displaying post content from get_posts query

If someone could help me figure out what I am doing wrong, I would be very grateful. I am trying to grab the latest post from a particular category and display it on the sidebar (varying the Manji2 theme). Here’s my code:

<?php $posts =
get_posts('order=ASC&category=2&&numberposts=1');
foreach ($posts as $post) :
?>

<li><h2>
<a href="<?php the_permalink() ?>"><?php the_title(); ?></a>
<br>
</h2>

<ul>
<?php the_content(__('(more...)')); ?>
</ul>

<?php endforeach; ?>

The post title shows up, but the content does not. Any ideas?