IBOV 168,334 ▲ 0.03% IPSA 10,888 ▲ 0.47% IPC MEX 67,705 ▼ 0.82% MERVAL 3,291,322 ▼ 1.26% COLCAP 2,502.96 ▲ 4.02% BVL PERÚ 56,725.28 ▼ 2.20% USD/BRL5.15▼ 0.33% USD/MXN17.31▼ 0.27% USD/CLP903.15▲ 0.19% USD/COP3,436▼ 0.66% USD/PEN3.38▼ 0.08% USD/ARS1,463▲ 0.83% USD/UYU39.97▲ 0.34% USD/PYG6,069▲ 1.05% USD/BOB6.86▲ 1.56% USD/DOP58.33▲ 0.80% USD/CRC450.55▲ 1.88% USD/GTQ7.62▲ 2.25% USD/HNL26.67▲ 1.34% USD/NIO36.62▲ 0.66% USD/VES605.87▲ 3.27% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.53▼ 0.24% USD/TTD6.70▲ 0.55% EUR/BRL5.91▲ 0.28% BRENT 80.59 ▲ 0.93% WTI 76.54 ▼ 0.08% IRON ORE 161.91 — — COPPER 6.34 ▼ 0.59% GOLD 4,173 ▼ 1.21% SILVER 64.91 ▼ 2.03% SOY 1,142 ▲ 0.88% CORN 444.25 ▲ 5.52% WHEAT 613.25 ▲ 0.08% COFFEE 256.10 ▼ 7.83% SUGAR 14.14 ▲ 2.09% ORANGE JUICE 158.20 ▲ 6.28% COTTON 79.33 ▲ 3.16% COCOA 4,362 ▲ 5.26% BEEF 246.75 ▼ 3.51% CATTLE 366.93 ▼ 0.14% LITHIUM 82.15 ▼ 1.11% PETR4 38.80 ▼ 0.13% VALE3 80.75 ▲ 1.01% ITUB4 39.87 ▼ 1.53% BBDC4 17.47 — 0.00% ABEV3 16.05 ▼ 1.05% BBAS3 19.42 ▼ 0.56% B3SA3 14.41 ▲ 0.56% WEGE3 45.16 ▼ 1.42% PRIO3 57.20 ▲ 0.40% SUZB3 43.23 ▼ 0.80% RENT3 40.12 ▲ 0.07% AZZA3 17.56 ▲ 8.33% CSAN3 3.49 ▲ 2.65% RAIZ4 0.42 ▲ 5.00% PCAR3 2.03 ▲ 12.78% GMAT3 3.90 ▲ 1.83% PSSA3 52.50 ▲ 0.04% CVCB3 1.22 ▼ 1.61% POSI3 4.00 ▲ 5.54% SLCE3 13.60 ▲ 0.44% NATU3 7.50 ▲ 0.94% BRKM5 7.50 ▼ 0.13% RANI3 7.90 ▲ 0.51% CSNA3 5.26 ▲ 1.54% CMIN3 4.32 ▲ 2.61% USIM5 9.17 ▲ 0.77% GGBR4 21.66 ▲ 0.05% ENEV3 24.49 ▲ 1.62% NEOE3 33.80 — 0.00% CPFE3 43.88 ▼ 0.30% CMIG4 10.68 ▼ 0.37% EQTL3 37.05 ▲ 0.52% LREN3 14.29 ▲ 2.14% VIVT3 32.46 ▼ 0.67% RAIL3 12.45 ▲ 0.97% KLABIN 17.13 ▼ 0.58% RAIA DROGASIL 16.25 ▼ 1.81% RDOR3 33.60 ▲ 1.05% HAPV3 10.31 ▼ 2.55% FLRY3 14.93 ▲ 0.67% SMTO3 14.93 ▼ 0.27% UGPA3 25.10 ▲ 1.09% VBBR3 28.80 ▲ 0.73% BBSE3 38.90 ▼ 1.37% BPAC11 50.64 ▼ 0.41% CURY3 33.27 ▲ 1.68% AERI3 2.24 ▼ 0.44% VIVARA 20.85 ▼ 1.00% COMPASS 24.28 ▼ 1.70% VAMOS 2.68 ▼ 1.11% SANB11 26.88 ▲ 0.60% ASAI3 7.65 ▼ 0.39% SBSP3 26.96 ▲ 0.22% WALMEX 50.96 ▲ 1.33% GMEXICO 207.50 ▼ 3.34% FEMSA 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USD/CLP 903.15 ▲ 0.19% USD/COP 3,436 ▼ 0.66% USD/PEN 3.38 ▼ 0.08% USD/ARS 1,463 ▲ 0.83% USD/UYU 39.97 ▲ 0.34% USD/PYG 6,069 ▲ 1.05% USD/BOB 6.86 ▲ 1.56% USD/DOP 58.33 ▲ 0.80% USD/CRC 450.55 ▲ 1.88% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.67 ▲ 1.34% USD/NIO 36.62 ▲ 0.66% USD/VES 605.87 ▲ 3.27% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.53 ▲ 0.05% USD/TTD 6.70 ▲ 0.56% EUR/BRL 5.91 ▲ 0.28% BRENT 80.59 ▲ 0.93% WTI 76.54 ▼ 0.08% IRON ORE 161.91 — — COPPER 6.34 ▼ 0.59% GOLD 4,173 ▼ 1.21% SILVER 64.91 ▼ 2.03% SOY 1,142 ▲ 0.88% CORN 444.25 ▲ 5.52% WHEAT 613.25 ▲ 0.08% COFFEE 256.10 ▼ 7.83% SUGAR 14.14 ▲ 2.09% ORANGE JUICE 158.20 ▲ 6.28% COTTON 79.33 ▲ 3.16% COCOA 4,362 ▲ 5.26% BEEF 246.75 ▼ 3.51% CATTLE 366.93 ▼ 0.14% LITHIUM 82.15 ▼ 1.11% PETR4 38.80 ▼ 0.13% VALE3 80.75 ▲ 1.01% ITUB4 39.87 ▼ 1.53% BBDC4 17.47 — 0.00% ABEV3 16.05 ▼ 1.05% BBAS3 19.42 ▼ 0.56% B3SA3 14.41 ▲ 0.56% WEGE3 45.16 ▼ 1.42% PRIO3 57.20 ▲ 0.40% SUZB3 43.23 ▼ 0.80% RENT3 40.12 ▲ 0.07% AZZA3 17.56 ▲ 8.33% CSAN3 3.49 ▲ 2.65% RAIZ4 0.42 ▲ 5.00% PCAR3 2.03 ▲ 12.78% GMAT3 3.90 ▲ 1.83% PSSA3 52.50 ▲ 0.04% CVCB3 1.22 ▼ 1.61% POSI3 4.00 ▲ 5.54% SLCE3 13.60 ▲ 0.44% NATU3 7.50 ▲ 0.94% BRKM5 7.50 ▼ 0.13% RANI3 7.90 ▲ 0.51% CSNA3 5.26 ▲ 1.54% CMIN3 4.32 ▲ 2.61% USIM5 9.17 ▲ 0.77% GGBR4 21.66 ▲ 0.05% ENEV3 24.49 ▲ 1.62% NEOE3 33.80 — 0.00% CPFE3 43.88 ▼ 0.30% CMIG4 10.68 ▼ 0.37% EQTL3 37.05 ▲ 0.52% LREN3 14.29 ▲ 2.14% VIVT3 32.46 ▼ 0.67% RAIL3 12.45 ▲ 0.97% KLABIN 17.13 ▼ 0.58% RAIA DROGASIL 16.25 ▼ 1.81% RDOR3 33.60 ▲ 1.05% HAPV3 10.31 ▼ 2.55% FLRY3 14.93 ▲ 0.67% SMTO3 14.93 ▼ 0.27% UGPA3 25.10 ▲ 1.09% VBBR3 28.80 ▲ 0.73% BBSE3 38.90 ▼ 1.37% BPAC11 50.64 ▼ 0.41% CURY3 33.27 ▲ 1.68% AERI3 2.24 ▼ 0.44% VIVARA 20.85 ▼ 1.00% COMPASS 24.28 ▼ 1.70% VAMOS 2.68 ▼ 1.11% SANB11 26.88 ▲ 0.60% ASAI3 7.65 ▼ 0.39% SBSP3 26.96 ▲ 0.22% WALMEX 50.96 ▲ 1.33% GMEXICO 207.50 ▼ 3.34% FEMSA 217.40 ▼ 0.87% CEMEX 21.52 ▼ 3.15% GFNORTE 189.48 ▼ 1.07% BIMBO 58.92 ▲ 3.33% TELEVISA 10.05 ▼ 4.19% AMX 23.61 ▲ 2.74% GAP 436.88 ▼ 0.71% ASUR 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Saturday, June 20, 2026

Eleven Brazilian Governors Resign to Enter 2026 Presidential Race

By · April 6, 2026 · 4 min read

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Key Points

Eleven of Brazil’s 27 state governors stepped down by the April 4 constitutional deadline to pursue candidacies in the October 2026 general elections.

Ronaldo Caiado (PSD, Goiás) and Romeu Zema (Novo, Minas Gerais) are the headline names — both resigned to contest the presidency as opposition candidates against incumbent Luiz Inácio Lula da Silva.

The resignations reshape the opposition landscape and open nine Senate seats to governors from across the ideological spectrum, intensifying the battle for Brazil’s upper chamber.

RioTimes Politics | Series: Brazil Elections 2026

Brazil’s 2026 election cycle passed a defining milestone on April 4, when eleven state governors surrendered their mandates to enter the October race. The move — required by law to prevent incumbents from leveraging state resources in campaigns — signals that the field against President Lula is coalescing faster than expected, with implications for both the presidential contest and control of the Senate.

The Deadline and the Rule

Brazilian electoral law requires any governor seeking a different office to resign six months before election day — a provision designed to prevent the use of the state machine in favour of individual campaigns. Resignation is irrevocable: governors who step down cannot return to office if they abandon their candidacy or lose. The April 4 deadline therefore forced a definitive political commitment from all eleven, with vice-governors assuming their states immediately after.

The Two Presidential Contenders

Ronaldo Caiado, 76, completed two terms as governor of Goiás and was formally nominated as PSD’s presidential pre-candidate on March 30. A former five-term federal deputy, one-term senator, and physician by training, Caiado has built his national brand on agribusiness, public security, and fiscal discipline. He is positioning himself as a centrist-right alternative to both Lula and the Bolsonaro camp — one of the few opposition figures willing to distance himself from Jair Bolsonaro’s questioning of electronic voting machines and pandemic policy. His opening campaign pledge of a broad amnesty law signals a clear play for the Bolsonarista base without full alignment with that movement.

Eleven Brazilian Governors Resign to Enter 2026 Presidential Race. (Photo Internet reproduction)
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Romeu Zema, governor of Minas Gerais — Brazil’s second most populous state and its largest electoral college after São Paulo — resigned on March 22 to pursue the presidency under the banner of Partido Novo, a free-market, anti-establishment party he has represented since 2018. Zema governs a state of 21 million voters, giving him structural relevance any presidential ticket must account for. He has been simultaneously courted as a potential vice-presidential running mate by both the PSD (for Caiado’s ticket) and the Liberal Party (for Flávio Bolsonaro’s), underscoring his value as a vote-aggregator even if his own presidential bid remains a long shot in current polling.

The Senate Wave: Nine Governors Pursue the Upper Chamber

The remaining nine resignations are oriented primarily toward the Senate, where 54 of 81 seats are up for renewal in October — making this cycle critical for determining legislative control well into the next presidential term. The senators confirmed or expected from this group include: Helder Barbalho (Pará, MDB), Ibaneis Rocha (Distrito Federal, MDB), João Azevêdo (Paraíba, PSB), Renato Casagrande (Espírito Santo, PSB), Mauro Mendes (Mato Grosso, União Brasil), Wilson Lima (Amazonas, União Brasil), Gladson Cameli (Acre, PP), Antonio Denarium (Roraima, Republicanos), and Cláudio Castro (Rio de Janeiro, PL — sub judice).

The case of Cláudio Castro (Rio de Janeiro, PL) is particularly complex: he faces a TSE conviction for abuse of political power in the 2022 elections, rendering him formally ineligible. Castro plans to register sub judice — his name would appear on the ballot, but votes would only count if an appeal reverses the conviction before October. His departure also left Rio de Janeiro without a vice-governor (the previous vice had been appointed to the state audit court), triggering a supplementary election to fill the seat through year-end, with the Supreme Court (STF) yet to rule on whether that process will be direct or indirect.

Wilson Lima of Amazonas resigned on the final day after initially signalling he would complete his mandate — the last-minute nature of his decision drew attention and his eventual candidacy remains formally unannounced, though a Senate run is widely expected.

What It Means for Investors and Observers

The mass resignation of governors matters beyond political theatre. The Senate approves central bank board appointments, ratifies Supreme Court nominees, and acts as the impeachment tribunal for both the president and STF justices. A Senate dominated by governors-turned-senators with regional agendas could prove more resistant to Brasília’s fiscal consolidation agenda — or more amenable to infrastructure investment, depending on coalition arithmetic that will only become clearer after August’s party conventions.

For the presidential race, Caiado and Zema represent the most credible centre-right and liberal-right alternatives in a field where polling currently shows Lula leading and Flávio Bolsonaro in second. Their ability to consolidate the non-Bolsonarista opposition vote in the first round — or agree on a unified ticket — will be the key variable shaping the October contest. Reporting by G1 / Globo and Reuters confirmed the field details and current polling picture.

This article is part of The Rio Times’ Brazil Elections 2026 coverage.

For a full breakdown of candidates, polls, dates and what is at stake in October 2026: Read our complete guide: Brazil Elections 2026: Complete Guide

For a full breakdown of candidates, polls and what is at stake in October 2026: Brazil Elections 2026: Complete Guide

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