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Dissolve the active dry yeast in the warm water.
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Whisk together the bread flour, whole wheat flour, and salt.
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Add the dissolved yeast and the olive oil.
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Knead into a ragged dough.
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Cover the bowl with a dish towel and store in a warm place for 1 hour.
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Peel and grate the red beets.
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Knead the grated beets into the dough.
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Transfer the dough back to the bowl.
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Cover with a dish towel. Let stand in a warm place for one hour.
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Knead once more. Form into a round and dust flour over the top.
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Turn the flour-dusted round upside-down into the bowl, re-cover, and let stand for another hour.
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Preheat the oven to 475F.
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Turn the dough right side up onto a parchment paper-lined baking sheet.
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Bake for 15 minutes. Turn the oven temperature down to 400F. Bake for 15-20 minutes.
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Let the bread cool from hot to warm before slicing and serving.