IBOV 171,317.18 ▼ 2.50% IPC MEX 69,711.87 ▲ 0.35% MERVAL 2,848,945 — — USD/BRL5.38▲ 0.59% USD/MXN18.67▼ 0.02% USD/CLP989.27▲ 0.48% USD/COP3,167▲ 0.55% USD/PEN3.45▲ 0.25% USD/ARS1,540▲ 0.11% USD/UYU40.21▲ 3.49% USD/PYG5,818▲ 4.31% USD/BOB11.92▲ 3.69% USD/DOP60.14▲ 0.07% USD/CRC451.45▲ 2.36% USD/GTQ7.64▲ 3.21% USD/HNL26.87▲ 0.25% USD/NIO36.62▼ 0.02% USD/VES885.90▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.85▲ 2.62% USD/TTD6.75▲ 2.53% EUR/BRL5.99▼ 0.18% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 171,317.18 ▼ 2.50% IPC MEX 69,711.87 ▲ 0.35% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Wednesday, October 28, 2026

Brazil’s Ronaldo Caiado Launches 2026 Presidential Bid

By · July 27, 2026 · 3 min read
Brasília, Brazil
Brazil’s 2026 presidential race is taking shape in Brasília. (Photo: Wikimedia Commons)

Politics · Brazil

Key Facts

—The ticket. The PSD officialized Ronaldo Caiado for president on 26 July, with party leader Gilberto Kassab as his running mate.

—The convention. The national convention was held in São Paulo, formalizing a “pure slate” made up only of PSD members.

—The positioning. Caiado is being pitched as a third way, distinct from President Lula (PT) and the Bolsonaro-aligned right.

—The profile. Caiado is a two-term governor of Goiás and a figure of the center-right; Kassab is a veteran power broker who leads the PSD.

—The context. The move formalizes one of the first major candidacies as Brazil’s 2026 presidential race takes shape.

Brazil’s PSD has formally launched former Goiás governor Ronaldo Caiado as its candidate for president in 2026, positioning him as a center-right alternative to the widely expected clash between the Lula and Bolsonaro camps.

A Center-Right Bid Goes Official

The PSD used its national convention in São Paulo to make Ronaldo Caiado its presidential candidate. Party president Gilberto Kassab, one of Brazil’s most experienced political operators, joins the ticket as running mate.

The party opted for a “pure slate,” fielding only its own members rather than building a broad coalition at the outset. That keeps the PSD in control of its own message as the campaign begins.

The Third-Way Pitch

Caiado’s team is presenting him as an alternative to a polarized contest. On one side sits President Lula and the PT; on the other, the Bolsonaro-aligned right led by figures such as Senator Flávio Bolsonaro.

Whether a center-right governor can carve out space between those blocs is the central question of his campaign. Third-way bids in Brazil have struggled historically against strong polarization.

Who the Candidates Are

Caiado governed Goiás for two terms and built a reputation on law-and-order and agribusiness-friendly policy. Kassab, a former São Paulo mayor, is known less for the ballot than for assembling alliances behind the scenes.

Together they offer a pragmatic, business-oriented profile. The PSD holds significant weight in Congress and among state governments, giving the ticket an institutional base.

Why It Matters

For investors and observers, an early, credible center-right candidacy adds a variable to a race many assumed would be a Lula-versus-Bolsonaro-camp rematch. It could reshape alliances as other parties decide where to stand.

The launch is a starting gun rather than a finish line, and coalitions will keep shifting until the campaign formally opens. Caiado’s challenge is to convert institutional strength into national voter appeal.

Sources

Connected Coverage

Electoral Court Gives Lula 48 Hours to Explain Official-Channel Promotions

Brazil’s App Delivery Workers Break With the Lula Government Over Gig Rules

Sources: PSD; Ronaldo Caiado; Gilberto Kassab.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

Frequently Asked Questions

Who is the PSD’s presidential candidate for 2026?

The PSD officialized former Goiás governor Ronaldo Caiado as its 2026 presidential candidate on 26 July, with party leader Gilberto Kassab as his running mate.

What is Caiado’s positioning?

Caiado is being presented as a center-right third way, an alternative to President Lula (PT) and the Bolsonaro-aligned right.

What is a “pure slate”?

It means the ticket is composed only of PSD members, rather than a broad multi-party coalition, at least at this stage of the race.

RT
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Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

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