In the bowl of a stand mixer fitted with a paddle, combine 1 cup of flour,cereal, sugar, salt and dry yeast. Add butter.
Gradually add water and molasses to cereal mixture and beat 2 minutes at medium speed, scraping bowl occasionally. Add another cup of flour. Beat at high speed 2 minutes, scraping bowl occasionally. Stir in enough additional flour to make stiff dough. Switch to the mixer’s dough hook and knead for about 5 minutes or until dough is smooth and elastic. Let the dough rest for 15 minutes.
Meanwhile, spray an 8 ½ by 4 ½ inch loaf pan with cooking spray and line the bottom with a strip of parchment (optional).
Roll or just pat the dough into a 12 x 8-inch rectangle, then roll it up into a cylinder. Set it in the pan and let it rise in a warm place for about 1 hour and 15 minutes.
Bake at 350°F for 40 minutes or until done. Remove from pans. Cool on wire rack.