A vending machine incorporates a product support and dispensing system including an oscillator and an adjustable bail cap. The oscillator is pivotally mounted at a lower portion of one of a plurality of stack areas provided within the vending machine. The oscillator includes a product retention zone having first and second staging regions, each of which has upper and lower holding elements for retaining a product containers in pre-vend positions. The adjustable bail cap is detachably secured to the oscillator and includes an arcuate intermediate portion adapted to selectively support the product containers. The adjustable bail cap can be selectively repositioned to allow the product support and delivery system to accommodate a wide range of container sizes.